The ministry holds a 45.99% stake in Romtelecom, and it plans to float its stock in the newly formed entity, Communications Minister Valerian Vreme told MEDIAFAX
If the merger goes through, “the new entity will be the largest local telecom operator in terms of revenue,” Vreme said.
He added the Government will make a decision on the propositions put forth by the Greek company, but there were no comments made on the stake to be owned by the state in the new entity.
In Romania, the OTE group holds Cosmote Romania and a 54.01% stake in Romtelecom. In addition, Romtelecom has a 30% stake in Cosmote Romania.
Romtelecom competitors include RCS&RDS and UPC Romania.