PNSA advised Orange on the acquisition of a majority stake in Telekom Romania Communications

PNSA has advised Orange Group on acquisition of a controlling stake in fixed operator Telekom Romania Communications from Deutsche Telekom’s OTE.

Through its owned network infrastructure, Telekom Romania Communications provides fixed voice, broadband and pay-tv services to 5 million customers and its approximately 90,000 km fibre network connects some 3 million households. It also provides convergent services to approximately 881 thousand fixed-mobile convergent subscribers. These customers will migrate to Orange Romania’s network, following the completion of the transaction.

PNSA provided extensive legal assistance under the Romanian law throughout the entire acquisition process, including on telecom & regulatory, teaming up with D’Ornano Partners law firm, led by its founding partner, François d'Ornano. Norton Rose Fulbright advised on the English law related aspects of the transaction.

PNSA core team led by Bogdan C. Stoica (M&A Partner) and Irina Ivanciu (Partner), has included lawyers from the corporate & commercial team: Ioana Avram (Senior Associate) and Claudia Salomia (Senior Associate); TMT & IP teams - Camelia Constantin (Managing Associate); competition team - Mihaela Ion (Partner) and Laura Ambrozie (Managing Associate); white-collar compliance & defence - Alexandru Ambrozie (Partner) and Ana Stoenescu (Senior Associate); Employment - Ioana Cazacu (Managing Associate); Data Privacy - Luana Dragomirescu (Managing Associate); Public Procurement – Ramona Pentilescu (Managing Associate), as well as other PNSA lawyers from the real estate, litigation and banking & finance PNSA departments.

Orange’s press release is available here.