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...