Telekom Romania’s total revenues in Q3 amounted to €243.5 million, or 7.4% more than in the same period last year.
Deutsche Telekom’s exit from the Romanian market is proving to be increasingly fraught with difficulties.
Telekom Romania has said it will not raise prices for a third time this year.
Romania’s Ministry of Communications (MCSI) has refused to comment on the upcoming sale of Telekom Romania.
The situation at Telekom Romania is under control, according to Michael Tsamaz, the head of its parent company OTE.
OTE-backed Telekom Romania saw its TV subscriber base contract by 5.7% in the year to June 30.
Telekom Romania’s CEO Miroslav Majoros has explained why the company plans to make nearly 12% of its employees redundant.
The Romanian incumbent plans to lay off nearly 12% of its workforce.
Deutsche Telekom-backed OTE is set to receive up top four bids for its majority stake in Telekom Romania.
Greece’s OTE has asked companies interested in acquiring Telekom Romania to put indicative bids on the table.