In a significant development for Romania’s telecommunication landscape, Huawei, the Chinese equipment manufacturer, has faced a major setback. The Romanian government has formally declined Huawei’s request to deploy its technology within the nation’s 5G networks. This decision, disclosed through the Romanian government gazette without an official press statement, effectively bars Huawei from any future participation in the Romanian mobile network market.
Greek telecommunications heavyweight OTE appears to be changing course, with whispers abuzz of pivotal shifts in its future business plans. The rumored centerpiece is the potential sale of its Romanian mobile operations, Telekom Romania Mobile, to Quantum Projects Group. This points towards a strategic refocusing on OTE’s extensive Greek operations, signaling a departure from the international stage.
Orange Romania, the largest provider of broadband Internet and mobile services in Romania, has entered into an agreement to acquire a controlling stake in the fixed operator Telekom Romania Communications (TKR) in order to strengthen its position in the country and increase its market share in the sector. The reason given for Orange paying over $268 million for TKR, is that it is aiming to become the popular choice among customers for combined services in the Romanian market. Orange will gain a controlling 54% stake from the Greek company OTE, most of which is owned by Deutsche Telekom. According to Orange, the deal gives TKR a value exceeding $590.5 million. The transaction is subject to normal regulatory scrutiny and is expected to be completed in the second half of 2021. TKR, being the second largest fixed line provider in the country, achieved revenues of over $739 million in…
