Romanian investor to build "strong Romanian brand" after taking over OTE's mobile operations

Romanian entrepreneur Adrian Tomşa, who controls a group of investors united under Quantum Project, pledged to transform Telekom Romania Mobile (TKRM) into "a local, dynamic, safe operator, dedicated to all domestic residential customers" if he succeeds in taking it over from OTE and Deutsche Telekom.

OTE and TKRM confirmed their commitment to the deal with Tomsa's vehicle.

At the same time, the new operator developed by Quantum Project will provide support for the large national digitization projects that Romania need, according to Tomşa.

Tomşa expressed "confidence" in obtaining the necessary approvals from the National Security Council (CSAT) and from the competition body for the transaction.

"We trust that the institutions of the Romanian State will favorably analyze this transaction as soon as possible, as all the necessary documents have already been submitted in this regard."

In their turn, OTE and TKRM confirmed their commitment to selling the mobile operations in Romania to Adrian Tomsa and his partners.

"We joined this negotiation process trusting that, once successfully concluded, such a transaction will secure Telekom Romania Mobile's future investments, continuity for the employees' jobs, financing and the appropriate technological framework. Therefore, the transaction will lay the foundations for long-term prosperity, healthy and stable growth, in an extended synergistic framework with the business currently carried out by the potential investor in the media, digital and telecom industries", according to the message sent by OTE and TKRM and quoted by Ziarul Financiar.

(Photo: Tobias Arhelger/ Dreamstime)