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Orange has announced the merger of Orange Romania and Orange Romania Communications, creating a fully integrated telecom operator.
M&A

Orange Romania and OROC Merge to Form Converged Telecom Operator

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Orange has announced the merger of Orange Romania and Orange Romania Communications (OROC), creating a fully integrated telecom operator in the region. This unification combines their mobile and fixed broadband services. In 2021, Orange acquired a 54% stake in OROC, then known as Telekom Romania Communications, and quickly began integrating their operations, including joint commercial offerings and unified customer service channels. The Romanian government approved the full merger last year, allowing Orange to consolidate its control over OROC. Post-merger, Orange Group will own 80% of the combined entity, with the Romanian Ministry of Research, Innovation and Digitalization retaining a 20% share. Mari-Noëlle Jégo-Laveissière, Executive Vice President and CEO of Orange Europe, emphasized the significance of the merger, stating it is a major milestone for Orange, facilitating the delivery of top-tier mobile and fiber services. She expressed gratitude to the teams involved in the transaction and conveyed her best wishes to…

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The sale of Vodafone Spain to Zegona Communications has been finalized following approval from Spanish regulators.
M&A

Vodafone Spain Acquired by Zegona Communications

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The sale of Vodafone Spain to Zegona Communications has been finalized following approval from Spanish regulators. This landmark deal, valued at €5 billion, includes €4.1 billion in cash and €0.9 billion in redeemable preference shares. Initially announced last October, the transaction received regulatory approval earlier this month. Zegona hailed the deal as the “largest ever reverse takeover.”

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Xavier Neil is seeking financing to acquire the remaining 80% of Latin American telecom group Millicom through his investment vehicle, Atlas.
Telco Buzz

French Tycoon Xavier Neil Eyes Full Control of Millicom

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Xavier Neil, the French telecom magnate, is seeking financing to acquire the remaining 80% of Latin American telecom group Millicom through his investment vehicle, Atlas. The move was disclosed after media reports surfaced, prompting an official statement from Atlas Investissement. The statement confirmed that Atlas is exploring a cash tender offer for Millicom, aiming for a purchase price of $24 per share.

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On May 15, the US House of Representatives voted overwhelmingly to reauthorize the NTIA for the first time since 1992.
Telco Buzz

House Passes NTIA Reauthorization Bill to Address Modern Telecom Needs

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On May 15, the US House of Representatives voted overwhelmingly to reauthorize the National Telecommunications and Information Administration (NTIA) for the first time since 1992. The legislation, passed with a vote of 374-36, aims to update the mission and functions of the NTIA in response to significant changes in the telecommunications landscape.

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Deutsche Telekom emerged as the latest European telecommunications giant to report robust financial results for the first quarter of 2024.
Market Watch

Deutsche Telekom Posts Strong Q1 Financial Results

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Deutsche Telekom has emerged as the latest European telecommunications giant to report robust financial results for the first quarter of 2024. The German incumbent witnessed notable increases in revenue, earnings, and net profit, propelled by a surge in its European operations. The company’s performance underscores a positive growth trajectory amidst a competitive telecom landscape.

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Deutsche Telekom, the German telecoms giant, is ramping up its international wholesale services with a focus on the emerging API ecosystem.
Telco Buzz

Deutsche Telekom Boosts Global Wholesale Services with New Digital Offerings

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Deutsche Telekom, the German telecommunications giant, is ramping up its international wholesale services with a focus on the emerging API (Application Programming Interface) ecosystem. The company’s Global Carrier division has introduced a suite of services known as Global Carrier Digital Services, providing wholesale customers with access to a range of APIs to enhance their own offerings.

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