Orange Group is asking for a discount of €24 million from its acquisition of Telekom Romania Communications (TKR) shares from Greek operator OTE, months after completing the €265 million deal
Local newspaper Ziarul Financiar reported the request comes after Orange had full access to Telekom Romania’s accounts, and is now requesting a cut price for the 54% stake, believing it overpaid.
Orange lodged the request in December last year and is has reportedly yet to receive a response.
The French telecoms group revealed the deal in November 2020 and sealed it in September 2021,
after receiving approvals from the relevant authorities. The acquisition is part of plans to
The Romanian government holds the remaining shares (46%) in TKR, which has around five million customers and runs a MVNO service to 916,000 customers, through fellow OTE unit Telekom Romania Mobile Communications.