The agreement will come into effect at the time of its signing and will remain valid for an undetermined period, according to OTE website.
According to the agreement, Romtelecom and Cosmote Romania will be able to register a corporate name that would include “Telekom” brand in Romania.
Thus, the two telecom operators will be allowed to use Deutsche Telekom brand to provide, distribute and promote licensed services and products.
The license cost will be 0.25% of the net revenue of Romtelecom and Cosmote Romania, as well as of the net revenue of companies sublicensing the brand.
Romtelecom sources said in March that Romtelecom might change its name into Romania Telecom or Telecom Romania by the end of the year, while its services, as well as that of Cosmote, will be promoted under the “T” brand of Deutsche Telekom, which owns Greek group OTE.
Cosmote, the mobile operator also owned by OTE, is also set to be rebranded as T-Mobile.
The telecom operator is majority owned by Greek group OTE, which has been controlling 54.01% of the shares since 2001, while the Romanian state owns a 45.99% stake.