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Deutsche Telekom to sell Romanian fixed unit to Orange - report

2019-09-02 13:09:00| Telecompaper Headlines

(Telecompaper) Deutsche Telekom has received the Romanian state's approval to sell its fixed-line telephony division, the former Romtelecom, to Orange Romania, writes local publication Economica.net citing sources in Telekom Romania. The approval from the local government, which holds a 45.99 stake in the fixed unit, was obtained following the visit of Srini Gopalan, a member of the Deutsche Telekom board, and Charalampos Mazarakis, the financial director of the OTE group. Both Telekom and Orange refused to confirm the sale.

Tags: report sell unit fixed