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Investegate |Hellenic Telecomms Announcements | Hellenic Telecomms: Response to the HCMC EU's approval of TKR disposal


 
Athens, July 30, 2021
- Hellenic Telecommunications Organization S.A. ( OTE S.A. or the Company ), following its announcement on 28.7.2021 and in response to the Hellenic Capital Market Commission relevant request for clarifications, dated 29-07-2021, on European Commission s (EC) conditional approval for the sale of Telekom Romania Communications S.A. ( TKR ) to Orange, announces the following:
 
1)  Following its investigation, the EC as it mentions in the related press release, found that the transaction between OTE and Orange Romania for the sale of the 54% stake OTE holds in TKR, as initially notified, would have raised serious competition concerns on the market for retail mobile telecommunications services. In particular, Orange would have acquired TKR s 30% minority shareholding in Telekom Romania Mobile Communications S.A (TKRM), one of its key competitors in the Romanian mobile market. ....

Hellenic Capital Market Commission , Telekom Romania Communications , European Commission , Hellenic Telecommunications Organization , Telekom Romania Mobile Communications , Capital Market Commission , Orange Romania , Annual Financial Statements , Press Release , ஹெலெனிக் மூலதனம் சந்தை தரகு , டெலிகாம் ரோமானியா தகவல்தொடர்புகள் , ஐரோப்பிய தரகு , ஹெலெனிக் தொலைத்தொடர்பு ஆர்கநைஸேஶந் , டெலிகாம் ரோமானியா கைபேசி தகவல்தொடர்புகள் , மூலதனம் சந்தை தரகு , ஆரஞ்சு ரோமானியா , ஆண்டு நிதி அறிக்கைகள் , ப்ரெஸ் வெளியீடு ,

Focus on the upcoming All Things Energy Forum 2021


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