M&A Deal Summary

Orange Romania SA Acquires Telekom Romania Communications S.A.

On November 9, 2020, Orange Romania SA acquired communications company Telekom Romania Communications S.A. from OTE S.A. for 497M EUR

Acquisition Highlights
  • This is Orange Romania SA’s 1st transaction in the Communications sector.
  • This is Orange Romania SA’s largest (disclosed) transaction.
  • This is Orange Romania SA’s 1st transaction in Romania.

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

Target

Telekom Romania Communications S.A.

Bucharest, Romania
Telekom Romania Communications S.A. operates a nationwide fixed network serving approximately 930,000 broadband customers and 1.2m TV subscribers. Telekom Romania Communications is based in Bucharest, Romania.

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Buyer(S) 1

Buyer

Orange Romania SA

Bucharest, Romania
Category Company
Founded 1997
Sector Communications
DESCRIPTION

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

Seller(S) 1

SELLER

OTE S.A.

Athens, Greece
Category Company
Founded 1949
Sector Communications
Employees16,291
Revenue 3.3B EUR (2020)
DESCRIPTION

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
Mergr

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