Orange has signed an agreement with the Romanian government to form a single, combined mobile operator, https://www.capacitymedia.com/ informs. The French operator is the leading mobile player in the country and will give the government a 20% stake in the entity. Mari-Noëlle Jégo-Laveissière, executive vice president and CEO of Orange in Europe said: "Today is a very important day for Orange Romania and Orange Romania Communications, and signing this agreement will strengthen our position on the Romanian market and bring us closer to being a fully converged telecom operator for our residential and business customers. “I want to thank the Romanian Government, our key partner, and our teams involved for this achievement.” Orange has also signed an agreement with the Ministry of Research, Innovation and Digitalization (MCID) with a view to merging Orange Romania and Orange Romania Communications. The agreement follows Orange’s acquisition of a 54% stake in OROC in September 2021. Last month Capacity reported that a merger between Orange and the former state controlled telecom company Telekom Romania had been given the green light by the government.The merger is expected to be completed in the first half of the year and will allow Orange to simplify its operations, while reducing network and IT costs. Julien Ducarroz, CEO of Orange Romania added: “We are really pleased to announce the conclusion of such a strategic agreement for Orange Romania, which marks a crucial moment in the company’s history and confirms the confidence of the Ministry of Research, Innovation and Digitization in our strategic ambitions, in the project and in the team. "Now, with united forces, we accelerate towards the fulfilment of the common goal: to be the first option for fixed-mobile services in Romania”.
Romania will join the Schengen Area with its land borders starting January 1, 2025, according to Romanian prime minister and Social Democrat (PSD) leader Marcel Ciolacu, who was on a visit to Brussels on Monday, November 18. The Romanian PM said during an interview that the decision regarding Romania’s accession with land borders will be […]
Exorigo-Upos, the Polish company that provides IT technology solutions for the retail sector, is preparing to take its presence in Romania to the next level by establishing an innovation hub in Bucharest. The new center will focus on developing and testing cutting-edge technologies tailored to the Romanian market, in line with the company’s long-term strategic […]
Eva and Victor, ages 16 and 17, respectively, will advocate for climate action as members of Romania's delegation at the United Nations Conference on Climate Change – COP29, held in November 2024 in Baku, Azerbaijan. The two teenagers also have clear roles in the conference. Victor, for example, will co-moderate the Climate Youth Forum, where […]
Natural gas producer Romgaz (SNG), a company in which the majority stakeholder is the Romanian state, listed on Tuesday, November 19, its first corporate bonds amounting to EUR 500 million on the Bucharest Stock Exchange. The bonds, also listed on the Luxembourg Stock Exchange since the beginning of October 2024, are part of a tranche […]
The Bucharest Court of Appeal ruled on Tuesday, November 19, to return the case involving Andrew and Tristan Tate to prosecutors at DIICOT, citing several irregularities. The judges also decided to remove several pieces of evidence and statements from the file, according to
Program empowers women in Romania to step into management or advisory board roles Offering actionable advice for women in businesses seeking strong governance Supporting EU gender diversity targets with inclusive leadership programs The European Bank for Reconstruction and Development (EBRD) celebrates Women’s Entrepreneurship Day on 19 November 2024 by highlighting the EBRD Women on Boards […]
