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Telekom Romania Communications SA

Summary

Company ID (NIN)

427320

Company owner / manager

  • OTE International Investments Ltd.
  • State

Country

Romania

Capital

318,464,490

Total assets

4,555,239,115

Net profit for the period

312,633,865

Report year

2012

Currency

RON

Industry

Telecommunications

General information

About Telekom Romania Communications SA

Telekom Romania Communications SA is a Romanian telecommunications company.

 

Last updated on Jan 30, 2020.

Meta info
Status
Active
Legal form
Joint Stock Company
Incorporation date
Jan. 1, 1930
NIN
427320
Tickers
Stock Exchange
ISIN
Profile last updated
Jan. 30, 2020, 3:09 p.m.
Alternative names

    Telekom Romania Communications JSC

History

    1930 - Telecommunications company Societatea Anonima Romana a Telefoanelor is set up as private company with foreign capital.

    1949 - Romania's Ministry of Posts and Telecommunications nationalises the company and transforms it into a department within the ministry.

    December 1989 – Rom-Post-Telecom separates from the Ministry as an independent telecommunications, postal service and radio broadcasting company, controlled by the state.

    July 1991 – The company renames to Romtelecom from Rom-Post-Telecom, the sole fixed-line telephony provider in Romania.

    October 1997 – The company transforms into joint stock company and renames to Romtelecom SA.

    December 1998 – Romania's State Ownership Fund (now AVAS) sells 35% in Romtelecom SA to the Cypriot OTE International Investments Ltd, part of Greek telecoms group Hellenic Telecommunications Organisation SA (OTE), for USD 675 mln. The contract provides for payment of USD 400 mln should Romtelecom's value increases over the following three years.

    January 2003 – OTE increases its stake in RomTelecom to 54% following a USD 243 mln capital hike.

    April 2005 – The company sells its 95.67% stake in local cable TV operator Cable Vision Romania SA to Romanian communications provider Astral Telecom SA for more than USD 8.0 mln.

    May 2005 – The company merges with its subsidiary  - internet provider Artelecom SA.

    July 7, 2005 – Romtelecom SA sells 70% of Romanian mobile phone operator Romanian Mobile Telecommunications SA (former Cosmorom SA) to Greek Cosmote Mobile Telecommunications SA.

    July 9, 2008 – Romtelecom SA establishes wholly-owned subsidiary NextGen Communications SRL, active in wired telecommunications activities.

    2011 - The Romanian government, which owns 46% of Romtelecom SA, tries to sell its stake on the Bucharest Stock Exchange.

    Sept 13, 2014 - The company changes its name to Telekom Romania Communications SA.

    January 2020 -

     

    Last updated on Jan 30, 2020.

Management

Executive Board
Miroslav Majoros
Director General
Iulian Tudorache
Director
Ruxandra Voda
Director

Contacts

Address
3-5, Presei Libere Sq.
013702
Bucharest, Romania
Telephones

+40 21 400 5562
+40 21 400 5203
+40 21 400 5200

Fax

+40 21 400 5602
+40 21 400 5600

Emails

relatiimedia@romtelecom.ro

Websites
www.telekom.ro

Ownership

Name Direct holding Indirect holding Owner type Country
OTE International Investments Ltd. 54.01 Company Greece
State 45.99 State Romania

Subsidiaries and affiliates

Name Direct holding Indirect holding Country
Mira Consulting Plus SRL 100.0 Romania
NextGen Communications SRL 100.0 Romania
Telekom Romania Mobile Telecommunications SA 30.0 Romania

Products and services

Telekom Romania Communications SA providesprovides audio, video and data transfer services to corporate clients and individuals in Romania, including:

  • fixed-line telephony services;
  • mobile communications services;
  • mobile internet and data transfer;
  • retail of mobile communication devices and accessories.

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