OTE Group signs MoU to offload Telekom Romania

Chilean operator WOM filed for bankruptcy after it failed to refinance its US$348 million debt pile in November, due to challenging macroeconomic conditions. 

Shareholders in South African service provider Telkom will soon vote on a plan to sell the group’s towers and masts to a consortium led by private equity firm Actis.

­­Orange completed the merger of Orange Romania S.A (ORO) and fixed provider Orange Romania Communications S.A (OROC), a move to create a fixed-mobile convergent player and remain competitive.