Vodafone Romania has signed a Memorandum of Understanding for the acquisition of Telekom Romania Mobile Communications, including a significant part of its assets from the Hellenic Telecommunications Organization (OTE), Vodafone announced in a press release on last Thursday.Digi Romania will also take over part of the assets."This is an important moment for the Romanian telecommunications market, with significant growth potential once this transaction is finalized. Ever since I took office as CEO of Vodafone Romania, I believed that the industry needs conditions that support the high level of 5G investments and the promotion of innovation. I am delighted with today's announcement, which proves once again that Vodafone is keeping its promise to Romania. We continue to invest and provide Romanians with services of the highest standards," said Achilleas Kanaris, CEO of Vodafone Romania, quoted in the press release.The finalization of the transaction is conditional on a number of legal procedures, including the completion of due diligence and obtaining prior approvals from the competent authorities. At this stage, there are no further details on the final approval of the acquisition, given the early stage of the process, the source said.At the same time, Vodafone says it will finalize investments of more than 200 million euros in Romania this year. The total investments over the 27 years of Vodafone's presence in Romania amount to more than 6.5 billion euros.
This article series tells the stories of the 15 finalists selected in the BVB Arena program. BVB Arena is the flagship program of the Bucharest Stock Exchange, dedicated to developing and promoting the Romanian entrepreneurial environment. The program’s goal is to select and promote Romanian companies that have the greatest growth potential and high chances […]
Salt Bank, the first 100% digital Romanian bank built entirely from scratch, has been named by Celent as the 2025 Model Bank for Digital Bank Launch. Celent is one of the world’s most prestigious research and advisory firms focused on technology for financial institutions. By receiving the title of "2025 Model Bank for Digital Bank […]
The 8th edition of the national educational program “Healthy Lifestyle, Diverse Nutrition and an Eco-Responsible Attitude” under the motto “Good for Taste, Good for Health, Good for the Planet!” has concluded. The program was organized by the Taste Celebration Association and funded by the Auchan Foundation with 100,000 euros. The program aims to convey to […]
Romania's budget deficit, meaning the gap between revenues and expenditures, reached 3.39% of GDP after the first five months of the year, while the new government grapples with balancing initiatives. The deficit increased compared to the first four months, when it stood at 2.95% of GDP, and remained roughly stable compared to the first five […]
eLog, a Balkan-based provider of reusable transport packaging systems for the retail sector, has entered the Romanian market by leasing 4,000 sqm of warehouse and office space at CTPark Bucharest North. The facility, developed by CTP, will serve as eLog’s first operational hub in Romania, supporting its expansion into local retail logistics. Specializing in Retail […]
More than three-quarters of Romanians (76%) see Artificial Intelligence as an opportunity for the economy and society, although half of them also acknowledge its risks, according to a new RoCoach and Novel Research study. Overall, over one-third of respondents (35.7%) believe that AI will primarily lead to job losses, even if new types of roles […]
