Orange ups Moldovan stake

13 Aug 2007

France Télécom’s mobile business Orange has acquired 33.3% of Orange Moldova for EUR103 million (USD141.1 million) in cash, according the French financial paper Les Echos. The purchase brings Orange’s stake to in Orange Moldova (known as Voxtel until April this year) to 94.3%. The cellco reported 995,000 customers at the end of June, a two-thirds market share.

Moldova, Orange Moldova