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12 Mar 2012Romtelecom

Romtelecom is one of the leading telecommunications companies in Romania offering ADSL, dial-up, web hosting, telephony, interconnection and other Internet based services. The company was established in July 1991 after ROM-Post-telecom, a state-owned telecommunication and postal service provider, was restructured. Between 1991 and 1998, the company made several investments and implemented restructuring programmes to develop and improve its network infrastructure.

In 1998, as part of a privatisation process, a 35 per cent stake in Romtelecom was acquired by Hellenic Telecommunications Organization OTE. Currently, OTE owns 54.01 per cent of the shares while the remaining 45.99 per cent are owned by the Romanian government. In November 2010, the government announced plans to sell its stake. However, the privatisation process is still ongoing.

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Taken from: Operator Profiles: Romania
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