Deutsche Telekom’s Romanian operations are reportedly up for sale, with the operator believed to be holding talks to sell off its fixed and mobile units separately.
The two deals could be worth over €1 billion, with Orange tipped as the lead candidate interested in buying the fixed unit. Romanian broadband and cable provider RCS & RDS has been mooted as a potential buyer for the mobile operations.
Romanian M&A website Mirsanu.ro has cited Telekom Romania’s continuing decline over the past few years as DT’s main impetus for exiting the market. Across the first nine months of 2016, Telekom Romania’s revenue dropped 0.4% to €718 million, with subscriber numbers also falling to 5.87 million, down from 5.99 million at the start of the year.
Telekom Romania is the second largest operator in the country. The market is Orange’s Romanian unit, which already has an agreement in place to use Deutsche Telekom’s fixed infrastructure.