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bne December 2020
Companies & Markets I 19
bne:Deal
Orange to pay €268mn for majority stake
in DT’s fixed operations in Romania
bne IntelliNews
French group Orange, already a major player on Romania's telecom market, will take over Deutsche Telekom’s fixed operations in the country for €268mn, according to a press release.
The subject of the transaction is the 54% stake in Telekom Romania Communications and Deutsche Telekom’s fixed- mobile convergent subscriber base in Romania, Orange announced.
The French group will pay €268mn to Deutsche Telekom on a debt-free, cash-free basis and subject to customary adjustments at the closing of the transaction.
Telekom Romania Communications and the convergent customer base were valued just under €500mn.
The Romanian state holds the remaining 46% stake in Telekom Romania Communications, which is the former state telecom company Romtelecom.
Deutsche Telekom will keep ownership of Telekom Romania Mobile Communications through its Greek subsidiary OTE.
The closing of the transaction is subject to customary condition precedents, notably antitrust clearance by the European Commission and other relevant authorities, and
“The French group will pay €268mn to Deutsche Telekom on a debt-free, cash-free basis and subject
to customary adjustments”
is expected to be completed within the second half of 2021. Until this approval and the completion of the transaction
is obtained, both companies will continue to operate independently.
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Contents
Top stories
Russia’s top retail and tech companies join forces to hunt for innovations in the rest of the world 2 Ukraine-born startups raised more
than half a billion dollars in 2019 4 Russian video streaming platforms
gain speed 5 Cloud services take off in Russia 6 SEMrush to SEO success 8
Leaders 9
Russia’s internet giant Yandex
announces growing and more
diversified revenues in 2019 10 Russian telecom major Rostelecom misses on earnings in 4Q19, cash
flow solid 12
Investment 13
World Bank approves $35mn project
to modernise Kyrgyz tax administration and statistical system 13 Romanian online home decoration
retailer raises €3.5mn in bonds 14 Russian billionaires Abramovich, Gutseriev, said to invest in Telegram
crypto project TON 14 Russian fund Da Vinci Capital gets
€30mn from Germany’s DEG to invest
in Ukraine, Belarus and Kazakhstan 15
Fintech & E-commerce 16
Russian e-commerce major
Wildberries to add self-employed
vendor products to offering 16 Russian Dixy retailer to launch online sales with Ozon 17 Valuation of Sistema’s e-commerce
asset Ozon boosted to $1.8bn 17
Telecom 19
Makedonski Telekom’s net profit
up 6% y/y in 2019 19 Romanian telco Digi grows by double
digit rates in 2019 19 Russia could postpone 5G rollout
from 2022 to 2024 20
NIBs 21
March 2020
www.intellinews.com
@bneintellinews
Russia’s top retail and tech companies
join forces to hunt for innovations in
the rest of the world
BAs Russia’s retail and tech sectors consolidate, the leading companies are turned their gaze outwards to hunt for
bne:Tech
new technology and innovation.
See page 2
Ukraine-born startups raised more
than half a billion dollars in 2019
In 2019, the venture capital and private equity funding volume for Ukrainian and Ukrainian-founded tech startups reached $544mn (up from $323mn in 2018 and $265mn in 2017), says AVentures Capital’s latest industry report ”DealBook of Ukraine”,
reports Adrien Henni of Ukraine Digital News. See page 4
www.bne.eu