At first, the company revealed the talks internally and then made an announcement in a LinkedIn post.
“We announced internally today relevant aspects about the interest of some investors in a potential acquisition of Telekom Romania Mobile (TRKM),” the operator said in its post.
Over the last few years, OTE has constantly supported improvement of the company’s performance, while exploring strategic options in order to ensure its growth in the long run.
Under the circumstances, OTE negotiated with Quantum Projects Group – an entity controlled by Adrian Tomsa, owner of the Clever Media Group, about its interest in acquiring TRKM. The parties signed a Memorandum of Understanding to facilitate the process and the investor requested approval from the relevant authorities.
The potential investor plans to expand its business to the local telecommunications market, Telekom Romania Mobile added in its message on LinkedIn, promising to return with updates when available.
Clever Media Network (CMN) owns Prima TV and became better known after buying the TV rights for the matches in the national football championship.
(English version by Loredana Fratila-Cristescu)