OTE refocuses on selling Telekom Romania stake

OTE refocuses on selling Telekom Romania stake

Representatives of Telekom Romania have reportedly met with the country’s Prime Minister Ludovic Orban to discuss the sale of OTE Group’s holding in the operator.

Romania Insider reported that both the Head of the Chancellery of the Prime Minister Ionel Danca and the Transport, Infrastructure and Communications Minister Lucian Bode attended the talks.

Deutsche Telekom is the majority shareholder in OTE Group, which in turn holds a controlling stake in Telekom Romania – granting DT indirect stakes of 70% and 54% in Telekom Romania’s mobile and fixed units respectively.

In January 2019, OTE approached a consortium of investors led by Bulgaria’s Spas Roussev to discuss the sale of its stake. Orange has reportedly agreed to acquire Deutsche Telekom’s fixed-line business in the market.

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