telekom romania
OpenCalais Metadata: Ticker
OpenCalais Metadata: LegalName
Romania to approve sale of local OTE subsidiary
The Romanian government is examining the sale of OTE subsidiary Telekom Romania to French group Orange.
The Romanian landline telephony company, formerly known a Romtelecom, is a 54 percent subsidiary of Greece's OTE Group, with the Romanian state controlling 46 percent.
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Electronic communication and postal service operators fined over 2.4 ml lei last year
The National Communications Administration and Regulation Authority (ANCOM) last year handed down fines worth a total of 2.43 million lei (rd 530k euro, ed. n.) to several electronic communications and postal service operators, and conducted some 4,000 checks in the sector, the communications watchdog said in release on Monday.
Bulgarian Businessman Spas Rusev Targets Telekom Romania after Albania
The Bulgarian entrepreneur Spas Rusev has confirmed he is in talks to buy Telekom Romania.
Speaking to Capital, he added that because of the size of the possible transaction he is undertaking it with a partner.
Furthermore, he will at a future date also enter into talks to buy the Macedonian incumbent.