DT eyes sale of Romanian fixed, mobile ops?

7 Feb 2017

German telecoms group Deutsche Telekom (DT) is reportedly in talks over the potential sale of its Romanian businesses, according to local financial news source Mirsanu.ro. DT has a presence in Romania via its 40% stake in Greek telco OTE, which is the majority shareholder of mobile operator Telekom Romania Mobile Communications (formerly Cosmote Romania) and fixed line provider Telekom Romania Communications (formerly RomTelecom). The report cites unnamed sources as saying that France’s Orange Group – owner of Romania’s largest cellco by subscribers – is allegedly interested in acquiring Telekom Romania’s fixed line business, while domestically-owned mobile and fixed broadband provider RCS&RDS may target its wireless operations, in a bid to grow its presence in that sector. The deals could be worth up to a combined EUR1 billion (USD1.1 billion), the sources added.