M&A Deal Summary |
|
|---|---|
| Date | 2020-11-09 |
| Target | Telekom Romania Communications S.A. |
| Sector | Communications |
| Buyer(s) | Orange Romania SA |
| Sellers(s) | OTE S.A. |
| Deal Type | Divestiture |
| Deal Value | 497M EUR |
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Orange România is Romania's largest GSM network operator, the subsidiary of Orange SA, owned by the France Télécom Group.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Communications) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| Country (Romania) | 1 of 1 |
| Year (2020) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| Category | Company |
|---|---|
| Founded | 1949 |
| Sector | Communications |
| Employees | 16,291 |
| Revenue | 3.3B EUR (2020) |
OTE offers a wide range of services: fixed and mobile telephony, broadband services, pay television, and integrated ICT solutions. In addition to its core telecommunications activities, the Group in Greece is also involved in maritime communications and real-estate. Abroad, the Group operates in the telecommunications market of Romania, where it offers fixed-line and mobile communications, as well as pay-TV services. OTE was founded in 1949 is based in Athens, Greece.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Communications) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| Country (Romania) | 1 of 1 |
| Year (2020) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
