eMAG and its financial services subsidiary HeyBlu have acquired Orange Money IFN SA from telecommunications group Orange Romania and the main assets they bought were the e-money and payment institution licenses issued by Romania’s central bank.
Mobile telephony operator Orange Romania on Friday evening announced the merger with the former fixed telephony monopoly Romtelecom.
Marius Maican has been appointed Chief Technology Officer (CTO) of Orange Romania, leader of the local telecom market, starting July 1, 2022.
Greek OTE Group, held by Germany’s Deutsche Telekom, confirmed Monday morning the sale of its fixed operations in Romania to Orange Romania, leader on the local telecom market, within a transaction worth EUR500 million, thus confirming the information released last week by Ziarul Financiar.