ORANGE takes majority stake in TELEKOM ROMANIA COMMUNICATIONS

Orange SA has announced a definitive agreement to acquire a 54% controlling equity stake in Telekom Romania Communications, executing a major cross-border corporate buyout within the Central and Eastern European digital infrastructure sector. The transaction was structured with the assistance of specialized financial, legal, and regulatory advisors, resulting in a net purchase price of €268 million paid by Orange, net of debt and cash components. The transaction remains subject to customary closing conditions and regulatory approvals, with finalization scheduled for the second half of 2021. The acquisition thesis is fundamentally rooted in capability-driven scale and market positioning within the regional telecommunications landscape. By integrating the target, Orange executes an immediate, large-scale expansion of its physical infrastructure and technical assets in Romania. The post-closing strategic rationale focuses on combining both platforms' operational capabilities to significantly accelerate Orange's long-term deployment plan.

The acquisition of Telekom Romania Communications is part of the growth strategy of Orange, which already has several external growth operations under its belt, notably Securelink in 2019.