Technology &Telecoms
Romtelecom 4Q Sales Rise 8.8% To EUR162.7M
Romanian telecom operator Romtelecom’s fourth quarter revenue rose 8.8% on the year to EUR162.7 million, fueled by strong performance in the ICT and wholesale segments, the parent company, G...
Orange Romania 2013 Revenue Up 1.8% To EUR934M
Mobile telecom operator Orange Romania reported revenues of EUR934 million in 2013, up 1.8% on the year, due to solid growth on the internet segment, while the number of customers rose by 15...
Star Storage Takeover Unique Deal In The Region, Consultant Says
The acquisition of local IT solutions provider Star Storage by Axxess Capital, the investment manager of Emerging Europe Accession Fund (EEAF), is a unique deal on the market in the region i...
RomCard: Total Number Of Online Banking Transactions, Up 40% In 2013
RomCard, a major processor of online payments by banking cards in Romania, in 2013 registered a 40% increase in the overall number of processed and routed online transactions against 2012, a...
Romania To Get EUR350M At Best For Romtelecom Stake, MP Says
Romanian government will get EUR350 million at best for its 46% stake in Romtelecom that it put up for sale last year, deputy Mircea Cazan, member of the IT&C Committee of the Chamber of Dep...
Adviser On Romtelecom Sale To Get 2.1% Of Profit
The consortium comprising Swiss Capital, BT Securities and UBS Limited will get 2.085% of the state’s profit from selling its stake in major telecom operator Romtelecom, according to the con...
Romanian Electro-IT Market, Second Highest Growth Rate In Europe In 2013
Sales of TV sets, refrigerators and smartphones rose by 6.9% in Romania last year, to EUR1.7 billion, with the increase of the domestic durable goods market being the second biggest in Europ...
Ravinder Takkar To Run Vodafone Romania Starting May 1
British multinational telecommunications group Vodafone has appointed Ravinder Takkar as Chief Executive Officer (CEO) of Vodafone Romania, starting May 1, 2014.
Vodafone Mulls Extending Franchised Store Network To 50 Units By April
Vodafone Romania is looking for partners with over EUR10,000 startup capital to extend its franchised store network from 19 to 50 units by April, a process that will continue by the end of t...