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 Arts Hour on Tour, the BBC World Service arts and culture program that visits cities all over the world, will be in Bucharest next week to record a show on topics relating to the cultural life in the city and Romania. Television and radio broadcaster Nikki Bedi, who curates, writes, and presents the program, […]
Romanian prime minister Marcel Ciolacu recently stated during an interview that foreign minister Emil Hureaznu will be replaced if he continues to send messages to private individuals, such as those addressed to Elon Musk, without consulting him. The warning comes after Emil Hurezeanu stated on Saturday, February 22, that Elon Musk’s support for Călin Georgescu […]
Romanian state-controlled gas producer Romgaz (BVB: SNG) reported a net profit of RON 3.22 bln (EUR 647 mln) in 2024, up 14.5% compared with the previous year. The company’s revenues went down by 11.9% to RON 7.93 bln (EUR 1.6 bln) because of lower...
The Romanian Parliament rejected the no-confidence motion initiated by far-right parties AUR, SOS Romania, and POT against the government led by Social Democrat prime minister Marcel Ciolacu. The motion received 147 votes in favor and one against during the lawmakers' meeting on Friday, February 28 - a figure lower than the 155 signatures with which […]
Nuclearelectrica (BVB: SNN), the company that operates Romania’s only nuclear power plant – Cernavoda, reported a net profit of RON 1.7 bln (EUR 343 mln) in 2024, down 31% compared with the previous year. The company recorded 37.6% lower revenues from electricity sales due to lower average...
In his first press conference since becoming interim president, held on Friday, February 28, Ilie Bolojan said that discussing peacekeeping troops in Ukraine is premature, since no peace agreement was reached. He also discussed increasing Romania’s defense spending, the relationship with the United States, and the reconstruction of Ukraine. The press conference was organised after Ilie […]
