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Europe Daily Bulletin No. 12771

29 July 2021
ECONOMY - FINANCE - BUSINESS / Competition
European Commission approves acquisition of Telekom Romania by Orange, subject to conditions
Brussels, 28/07/2021 (Agence Europe)

On Wednesday 28 July, the European Commission approved the acquisition of Telekom Romania Communications (TKR) by Orange SA (Orange).

However, the approval is conditional on the divestiture of TKR’s 30% minority shareholding in Telekom Romania Mobile Communications (TRMC), which is a direct competitor of Orange.

According to Margrethe Vestager, Executive Vice-President in charge of competition policy, “the Romanian telecommunications market will continue to offer high quality...

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EU RESPONSE TO COVID-19
ECONOMY - FINANCE - BUSINESS
SECTORAL POLICIES
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
INSTITUTIONAL
SECURITY - DEFENCE
NEWS BRIEFS