After the merger, Orange Group will hold 80% of the share capital and voting rights and the Ministry of Research, Innovation and Digitalization the other 20%
Orange announces the completion of the merger between Orange Romania (ORO) and Orange Romania Communications (OROC) through the integration of OROC by ORO. This merger will create a converged telco from 1 June 2024.
The consolidated company will further Orange’s objective of becoming the preferred provider of fixed-mobile convergent services on the Romanian market, for the residential and business segments. The idea is that it will also stimulate investment and competition in Romania’s telecoms sector in Romania.
After the merger, Orange Group will hold 80% of the share capital and the voting rights of the consolidated entity, while the Ministry of Research, Innovation and Digitalization will hold 20% of the share capital and voting rights.
Orange Romania acquired 54% shares in the fixed services operator, Orange Romania Communications (previously Telekom Romania Communications) in 2021. Since then it and Orange consolidated contact channels for OROC customers launched the first joint commercial offer.
The merger brings minimal changes to the day-to-day use of Orange services but will allow the company to remove barriers to full operational integration. For example, allowing them to consolidate the companies’ customer databases and IT.
Bogdan Ivan, Minister of Research, Innovation, and Digitalization in Romania, commented, “This merger is a recognition of Romania’s strength in telecommunications infrastructure and shows the potential of our country to become a regional hub for connectivity. Through the Ministry’s holding in the new company, we will work to improve the quality of telecommunications services for all users in Romania.”
“The merger between Orange Romania S.A. and Orange Romania Communications S.A. is a major step for Orange and marks the fruition of the process with the Government of Romania,” said Mari-Noëlle Jégo-Laveissière, Executive Vice President, CEO of Orange Europe. Julien Ducarroz, Orange Romania CEO, added, “The way ahead is now clear, and we will concentrate all our efforts on delivering an improved experience for customers, while getting even closer to our main objective of becoming the preferred choice for convergent services in Romania