login
login
Image header Agence Europe
Europe Daily Bulletin No. 12771
ECONOMY - FINANCE - BUSINESS / Competition

European Commission approves acquisition of Telekom Romania by Orange, subject to conditions

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...

Contents

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