The listing of Romtelecom shares is a priority in the sale of the stake controlled by the state in Romtelecom and a dual listing is being considered, in Bucharest and London or Frankfurt, the minister for Information Society, Dan Nica announced during ZF Digital ‘1, Mediafax reports. The offers for consultancy services regarding the completion of the privatisation of Romtelecom will be opened on November 7 and one of the criteria for the future participants is an average turnover of RON 1 bln during the last three years, the Ministry for Information Society informed.
MSI will allocate from its own budget RON 2 M for the payment of consultancy contracts in the privatisation of Romtelecom, the sum representing the fixed part of the consultant’s fee, to which will add a variable component, according to a regulation adopted early in September. At the end of July, MSI announced that the state will hire a specialised financial consultant to sell the entire minority stake it still holds in Romtelecom, representing 45.99 pc of the social capital.
The government’s main option is to sell the shares by listing on the Bucharest Stock Exchange, but it also waits for the opinion of the financial consultant that will be hired, in order to maximise the profit of the state from this operation.
During the same conference, the CEO of the company, Florin Talpes announced that the turnover of the producer of IT security solutions Bitdefender will advance by approximately 25 pc this year, an estimation supported by the strong advance of online sales. “The growth in the online sector is the effect of investments in marketing, where we allocate between 50 and 60 pc of the total budget. Our focus is represented by the north-American and west-European markets,” Talpes explained.
Telecom operators will continue investing tens of millions of EUR in networks
Telecom operators will continue to invest, next year, tens of millions of EUR in the expansion of grid coverage and in boosting data transfer speeds, officials of Orange, Vodafone, UPC Romania, Romtelecom and Cosmote announced during ‘ZF Digital’13, quoted by Mediafax. The chief of Orange Romania, Jean Francois Fallacher, said that the investments made by the operator will be aimed at the 4G sector and to renewing the network equipment in urban areas. “We will also continue to invest in training the employees of Orange Romania, as half of the handsets we sell are smartphones,” Fallacher explained, adding that the funds allotted to investments during previous years stood between EUR 100 – 120 M.
The CEO of Romtelecom and Cosmote Romania, Nikolai Beckers estimated that investments will reach EUR 170 M in 2014 and will target both the fixed and the mobile grid. “We will concentrate both on 4G and on the fixed part of the network, which will become completely digital,” Beckers mentioned.
In the case of Vodafone Romania, CFO Till Streichert affirmed that the funds allocated to investments next year will cumulate EUR 100 M. “Investments will support our efforts aimed at increasing the data transfer speed, the network coverage degree,” Streichert said. Asked if they are interested by the purchase of retransmission rights League I football matches, the officials of telecom operators answered that they analyse this matter, which is complicated by the very high prices.