The European Commission (EC) has approved, under the EU Merger Regulation, the proposed acquisition of Telekom Romania Communications (TKR) by Orange.
The Greek incumbent OTE has agreed to sell its subsidiary Telekom Romania’s sports channels to Orange.
The European Commission says it will make a ruling on Orange’s proposed acquisition of Telekom Romania’s fixed-line business on July 28.
SPI/FilmBox and Telekom Romania have renewed and expanded their long-standing partnership for a further three years.
The number of Telekom Romania customers opting for its Smart TV Stick product increased by 47% in the first quarter.
The sale of Telekom Romania’s fixed-line business to Orange is being overshadowed by a troubling development.
Orange has outlined its plans for Romania following the acquisition of Telekom’s fixed business (TKR).
Telekom Romania’s TV business lost 110,710 subscribers in the year to September 30.
Greece’s OTE has agreed to sell its 54% stake in Telekom Romania Communications (TKR) to Orange Romania for €268 million.
Telekom Romania’s revenues in the second quarter were, at €228.9 million, only 1% lower than in the same period last year.