France Telecom significantly increases its share in Orange Romania
{{date|April 15, 2005}}<br>

[[:w:France Telecom|France Telecom]] announced yesterday that it would increase its indirect participation in [[:w:Orange Romania|Orange Romania]] to 96.63%. This is because it acquired over 23% of the mobile phone operator from a group of investors led by the AIG New Europe Fund. The investors include the Polish Enterprise Fund LP and Polish Enterprise Fund IV LP, Innova/98 LP, Communications Venture Partners, BancBoston Capital, Societe Generale Romania Fund and Alcatel NV. Before the share increase, Orange Romania was owned 51% by France Telecom's subsidiary Orange, 22.6% by Wirefree Services Belgium and the rest by several smaller investors.

[[:w:Orange Romania|Orange Romania]] is currently Romania's largest mobile phone operator, with 48% market share and over 5 million subscribers. Between 2003 and 2004, it registered an increase in turnover of 47%, with total turnover in 2004 being 624 million [[:w:euro|euro]].

==References==

* {{source|url=http://daily-news.ro/article_detail.php?idarticle=9419
|title=France Telecom takes full control of Orange Romania
|pub=Bucharest Daily News
|author=
|date=April 15, 2005 }}

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[[ro:France Telecom se implică mai mult în Orange Romania]]
France Telecom announced yesterday that it would increase its indirect participation in Orange Romania to 96.63%. This is because it acquired over 23% of the mobile phone operator from a group of investors led by the AIG New Europe Fund. The investors include the Polish Enterprise Fund LP and Polish Enterprise Fund IV LP, Innova/98 LP, Communications Venture Partners, BancBoston Capital, Societe Generale Romania Fund and Alcatel NV. Before the share increase, Orange Romania was owned 51% by France Telecom's subsidiary Orange, 22.6% by Wirefree Services Belgium and the rest by several smaller investors.

Orange Romania is currently Romania's largest mobile phone operator, with 48% market share and over 5 million subscribers. Between 2003 and 2004, it registered an increase in turnover of 47%, with total turnover in 2004 being 624 million euro.
Romania Europe Economy and business Published