Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Orange signs Romania merger agreement

Orange signs Romania merger agreement

February 8, 2024

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”.    

The text of this article has been partially taken from the publication:
http://actmedia.eu/companies/orange-signs-romania-merger-agreement/106647
Read in full - click here
Romanian president nominates former interim president Ilie Bolojan as PM

President Nicușor Dan has nominated Senate president Ilie Bolojan, a leader of the National Liberal Party (PNL) and former interim president, for the prime minister seat. Dan said Bolojan is “the best person to carry out the needed adjustments in the state administration.” He pointed to Bolojan’s track record with reducing spending, and said he has […]

Balkanik Festival: Bucharest event announces lineup of this year's edition

Balkanik Festival – Home of World Music, set to take place at Uranus Garden between September 5 and September 7, lines up this year artists who "celebrate that form of joy that does not ignore reality, but faces it with beauty, energy, and solidarity," the organizers said. The artists performing in September in Bucharest will […]

Romania’s Timișoara announces plans for two new bridges over Bega River

The mayor of Timișoara, Dominic Fritz, announced on Friday, June 20, that two new bridges over the Bega River will be built in the city. The bridges will be financed with EU-backed funds worth over RON 130 million. The bridges in question are the Solventul Bridge, which will connect Gării Street to Dâmbovița Boulevard and […]

Western Romania: 2,000-year-old Sarmatian necropolis discovered in Timișoara

A Sarmatian necropolis nearly 2,000 years old was discovered after archaeological excavations were carried out at the Mehala II site in the municipality of Timișoara, in western Romania. Researchers discovered 15 inhumation graves, most arranged in rectangular pits with rounded corners, although some no longer retain their original outline, having been disturbed by the passage […]

George Enescu Philharmonic Orchestra concert marks Romania Day at Osaka World Expo

The George Enescu Philharmonic Orchestra will deliver on June 26 a concert marking Romania Day at the Osaka World Expo. Additionally, the Bucharest-based orchestra will present a series of other concerts and recitals, both within the Romanian Pavilion and outside, at Toyonara Hall in Osaka. The George Enescu Philharmonic Orchestra's concerts will be conducted by […]

Romania’s Sphera Franchise opens chocolate & ice cream café in Italy

Sphera Franchise Group, the largest food service group in Romania, has opened its first Cioccolatitaliani store in the seaside resort of Riccione, in Italy’s Rimini tourist area.  This marks the official launch of Sphera Group’s development plan for the premium Italian brand of coffee, gelato, and pastry. Under the plan, it will open four locations […]