Telekom Romania Mobile
Mobile network company in Romania / From Wikipedia, the free encyclopedia
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Telekom Romania Mobile Communications S.A. is a mobile network company in Romania, wholly owned by OTE, which in turn is controlled by Deutsche Telekom, operating under Telekom brand. Telekom Romania Mobile had 3.5 million subscribers with 15% market share as of July 2021.[2]
Formerly | Cosmorom (1999–2005) Cosmote (2005–2014) |
---|---|
Company type | Subsidiary |
Industry | Telecommunications |
Founded | 30 July 1990; 33 years ago (1990-07-30) (as ROM-POST-TELECOM) 1999; 25 years ago (1999) (as Cosmorom) 13 September 2014; 9 years ago (2014-09-13) (merger) |
Headquarters | Bucharest, Romania |
Key people | Charalampos Mazarakis (CEO) |
Services | Mobile phone telecommunications |
Revenue | €380 million (2021)[1] |
€36 million (2021) | |
Number of employees | 853 (2021) |
Parent | OTE |
Website | Official website |
The network operated together with Telekom Romania Communications (which traces its ancestry back to ROM-POST-TELECOM [ro], later renamed Romtelecom) from 2014 until 2021 under the same brand Telekom.[3] Both companies were majority owned by OTE, which in turn is controlled by Deutsche Telekom.
On November 6, 2020, OTE agreed to sell the 54% stake in the fixed network company Telekom Romania Communications to Orange Romania for €295 million.[4] In order for the transaction to be approved by the authorities, OTE has committed to buy the remaining 30% of shares in Telekom Romania Mobile, which operates the mobile network. The transaction was completed in July 2021.[5]
OTE did not succeed in selling the mobile phone company after the transaction with Digi failed due to the fact that it only wanted to buy cell sites and mobile frequencies, thus making Deutsche Telekom to rebrand it as Telekom Mobile and keep the company in OTE's portfolio until it finds a buyer.[6]
In November 2023, OTE would eventually sell Telekom Romania Mobile to Clever Group, the owner of Prima TV.[7]