November 23, 2017

OTE Proposes Romtelecom And Cosmote Merger

Communications Minister Valerian Vreme says that OTE won’t buy the stock held by the Romanian state in the national landline telephony company, because the time is unfavorable. A press release of the Ministry of Communications reads that the Hellenic Organization of Telecommunications (OTE) of Greece cannot make an offer for the state’s stock in Romtelecom for the time being, because of the economic difficulties in Greece, but may re-consider its position should circumstances change, and suggests an immediate merger between the national landline telephony provider and mobile telephony operator Cosmote Romania. OTE also says the future of telecom companies will be dictated by technological developments and by the trend of consumers’ needs and demand.

Source of the news: Nine o’clock (Read More)

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