Who owns TELEKOM ROMANIA COMMUNICATIONS?

TELEKOM ROMANIA COMMUNICATIONS has been 100% owned by ORANGE since June 2024.

How is the data for the TELEKOM ROMANIA COMMUNICATIONS acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the TELEKOM ROMANIA COMMUNICATIONS deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.orange.com/en/press-release/orange-announces-the-completion-of-the-merger-between-orange-romania-sa-and-orange-romania-communications-sa-as-of-june-1-2024-233906

What is the average EV/EBITDA multiple for the TMT (Tech, Media, Telecom) sector in 2026?

The average EV/EBITDA multiple for the TMT (Tech, Media, Telecom) sector in 2026 is 14.9x.

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Home Database TMT (Tech, Media, Telecom)TELEKOM ROMANIA COMMUNICATIONS

06/2024

TELEKOM ROMANIA COMMUNICATIONS acquired by ORANGE

ROMANIA Telecom / Operators REV 1m EUR - 100m EUR

Context

Orange Romania S.A. (ORO) has successfully completed its corporate merger with Orange Romania Communications S.A. (OROC), fully absorbing the integrated entity into its core operations. This strategic consolidation represents the final corporate milestone following the group's previous acquisition of a controlling stake in the target platform in 2020, effectively establishing a unified, fully convergent telecommunications operator within the region. The transaction’s structural execution focuses on complex operational integration, enabling the combined entity to unify its customer databases and merge legacy IT architectures into a single, cohesive infrastructure network. The investment thesis centers on achieving total asset synchronization and market supremacy within the regional digital services landscape. By legally combining both corporate structures, Orange fully implements its long-term strategy to deploy a seamless, end-to-end mobile and fiber-optic product pipeline. The post-merger strategic rationale targets the elimination of operational redundancies while maximizing cross-selling efficiencies across both the residential and commercial market segments. Backed by a unified technical infrastructure, the consolidated platform is engineered to drive superior customer experiences, scale its high-speed connectivity footprint, and solidify its positioning as the leading provider and preferred choice for fixed-mobile convergent (FMC) services across Romania.

In the past, Telekom Romania Communications was acquired by Orange in 2020 as part of its expansion strategy.

TELEKOM ROMANIA COMMUNICATIONS, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.9x).

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Target

Telekom Romania Communications operates as a fixed-line telecommunications provider within the Romanian market. The company’s commercial business model is centered on the provisioning and long-term maintenance of essential communication utilities, including fixed-line telephony, high-speed broadband internet, and pay-TV services. The organization manages a distributed, capital-intensive technical infrastructure that incorporates an extensive fiber-optic network designed to deliver stable connectivity across residential and commercial sectors. The company's value proposition is driven by its ability to deliver fully integrated, fixed-mobile convergent (FMC) product suites tailored for both the business-to-consumer (B2C) and business-to-business (B2B) segments.

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Historical Financials (EUR)

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2024

2023

Other operations with TELEKOM ROMANIA COMMUNICATIONS

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
11/2020	ORANGE	TELEKOM ROMANIA COMMUNICATIONS	ROMANIA	Operators

REFERENCES

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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Acquirer: orange