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News from Members PNSA advised Orange on the acquisition of a majority stake in Telekom Romania Communications

PNSA advised Orange on the acquisition of a majority stake in Telekom Romania Communications

by Popovici Nitu Stoica & Asociatii November 16, 2020

Website www.pnsa.ro

PNSA advised Orange Group on the acquisition of a 54% controlling stake in Telekom Romania Communication, one of Romania's leading fixed telecom operators.

Through its owned network infrastructure, Telekom Romania Communication provides fixed voice, broadband and pay-tv services to 5 million customers and its approximately 90,000 km fibre network connects some 3 million households. It also provides convergent services to approximately 881 thousand fixed-mobile convergent subscribers. These customers will migrate to Orange Romania’s network, following the completion of the transaction.

PNSA provided legal assistance under the Romanian law throughout the entire acquisition process, teaming up with D’Ornano Partners law firm, led by its founding partner, François d'Ornano.

PNSA core team led by Bogdan C. Stoica (M&A Partner) and Irina Ivanciu (Partner), has included lawyers from the corporate & commercial team: Mariana Marcu (Senior Associate), Ioana Avram (Associate) and Claudia Salomia (Associate); TMT & IP teams - Camelia Constantin (Managing Associate) and Cristina Marcu (Managing Associate); competition team - Mihaela Ion (Partner) and Laura Ambrozie (Managing Associate); white-collar compliance & defence - Alexandru Ambrozie (Partner) and Ana Stoenescu (Associate); Employment - Ioana Cazacu (Managing Associate); Data Privacy - Luana Dragomirescu (Managing Associate); Public Procurement – Ramona Pentilescu (Managing Associate), as well as other PNSA lawyers from the real estate, litigation and banking & finance PNSA departments.

Norton Rose Fulbright advised on the English law related aspects of the transaction.

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Popovici Nițu Stoica & Asociații is a leading Romanian independent law firm and has been at the forefront of the market since its incorporation in 1995.

Popovici Nițu Stoica & Asociații groups today more than 80 lawyers and counsels, including 16 partners, largely acknowledged as top-notch commercial law experts, by clients and peers.

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