This successful transaction now heralds the acceleration of Orange’s strategy to be the preferred convergent service provider in Romania, with a firm commitment from Orange to continue investing in the Romanian telecommunications sector. Through this acquisition, Orange, as the leading mobile operator in Romania and now with the combined strength of TKR’s fixed network, will create a fully fixed and mobile converged operator in the Consumer, Business and ICT markets **.
TKR is the second largest player in fixed telecommunications in Romania with a turnover of 633 million euros in 2020. Through its owned network infrastructure, TKR provides fixed voice, broadband and pay TV services to around five million customers and its fiber network of around 90,000 km connects nearly three million homes. It also provides convergent services to nearly 916,000 convergent fixed-mobile subscribers, as of June 30, 2021 via an MVNO contract with Telekom Romania Mobile. These customers will soon be migrated to the Orange Romania network, once the transaction is finalized.
The two companies will continue to operate as two separate legal entities. Liudmila Climoc will continue her responsibilities as CEO of Orange Romania. Today, TKR’s Board of Directors appointed Mr. Andrei Popovici as CEO of TKR.
Mari-Noëlle Jégo-Laveissière, Deputy Managing Director, in charge of Orange in Europe, said: “Today is a milestone day for Orange because this acquisition will propel Orange Romania forward in its convergence ambitions. Convergence is the key to our growth across Europe, and Romania is a key element of the Group’s European success story.
Liudmila Climoc, CEO of Orange Romania, said: “We are living at a watershed moment not only for Orange, but for the entire telecommunications market in Romania. I am very proud that the Orange Romania and TKR teams have reached this stage. We are now moving forward together, as a joint force and with a common goal – to be the first choice for converged services in Romania. Together, we will build for our customers a complete offer with extended fixed coverage, Orange mobile services, including the extension 5G coverage, more varied TV content and ICT solutions that support the digital transformation of businesses and public administrations.