Telekom Romania Mobile

Telekom Romania Mobile Communications SA
FormerlyCosmorom (1999–2005)
Cosmote (2005–2014)
Company typeSubsidiary
IndustryTelecommunications
FoundedJuly 30, 1990; 34 years ago (1990-07-30) (as ROM-POST-TELECOM)
1999; 25 years ago (1999) (as Cosmorom)
September 13, 2014; 10 years ago (2014-09-13) (merger)
HeadquartersBucharest, Romania
Key people
Charalampos Mazarakis (CEO)
ServicesMobile phone telecommunications
RevenueDecrease €380 million (2021)[1]
Increase €36 million (2021)
Number of employees
853 (2021)
ParentOTE
WebsiteOfficial website

Telekom Romania Mobile Communications S.A. is a mobile network company in Romania, wholly owned by OTE, which in turn is controlled by Deutsche Telekom, operating under Telekom brand. Telekom Romania Mobile had 3.5 million subscribers with 15% market share as of July 2021.[2]

The network operated together with Telekom Romania Communications (which traces its ancestry back to ROM-POST-TELECOM [ro], later renamed Romtelecom) from 2014 until 2021 under the same brand Telekom.[3] Both companies were majority owned by OTE, which in turn is controlled by Deutsche Telekom.

On November 6, 2020, OTE agreed to sell the 54% stake in the fixed network company Telekom Romania Communications to Orange Romania for €295 million.[4] In order for the transaction to be approved by the authorities, OTE has committed to buy the remaining 30% of shares in Telekom Romania Mobile, which operates the mobile network. The transaction was completed in July 2021.[5]

OTE did not succeed in selling the mobile phone company after the transaction with Digi failed due to the fact that it only wanted to buy cell sites and mobile frequencies, thus making Deutsche Telekom to rebrand it as Telekom Mobile and keep the company in OTE's portfolio until it finds a buyer.[6]

In November 2023, OTE would eventually sell Telekom Romania Mobile to Clever Group, the owner of Prima TV.[7]

  1. ^ "Telekom Romania Mobile Communications S.A. din BUCURESTI - CUI 11952970". termene.ro. Retrieved August 17, 2022.
  2. ^ "OTE Q2 Results" (PDF) (in Romanian). August 5, 2021.
  3. ^ "Telekom Mobil şi-a definitivat echipa de management după separarea de divizia fixă. Odată cu finalizarea vânzării către Orange, grecii de la OTE pot începe să distribuie primele de succes". zf.ro. Retrieved October 4, 2021.
  4. ^ "OTE sells stake in fixed line provider Telekom Romania to Orange for €295.6m". mobileeurope.co.uk. Retrieved October 1, 2021.
  5. ^ "Dispare și ultima piedică în achiziția Telekom România de către Orange: OTE a anunțat că vrea să cumpere pachetul de 30% din fostul Cosmote" (in Romanian). hotnews.ro. July 29, 2021.
  6. ^ "Telekom: Aproape de un Acord cu RCS & RDS pentru Vanzarea Diviziei Mobile". idevice.ro. March 2, 2020.
  7. ^ "Telekom Romania Mobile sale "agreed"". Broadband TV News. November 16, 2023.