D'Ornano Partners, Popovici Nitu Stoica & Asociatii, and Norton Rose Fulbright have advised the Orange Group on its EUR 268 million acquisition of a 54% stake in Telekom Romania from the OTE Group. Dechert and Eversheds Sutherland advised the OTE Group and Tuca Zbarcea & Asociatii advised Telekom Romania.
Freshfields reportedly also advised the seller on the deal, which remains subject to regulatory approval, and which is expected to close in the second half of 2021.
Orange Group is French multinational telecommunications corporation. The company provides services to more than 266 million customers worldwide.
Telekom Romania is a Romanian telecommunications company headquartered in Bucharest that provides fixed and mobile telephony, broadband Internet, IPTV, and IT services.
The D’Ornano Partners team consisted of Partners Francois D'Ornano and Hortense Gaschignard and Senior Associate Katalin Nogradi.
PNSA’s team included Partners Bogdan Stoica, Irina Ivanciu, Mihaela Ion, and Alexandru Ambrozie, Senior Associate Mariana Marcu, Managing Associates Camelia Constantin, Cristina Marcu, Laura Ambrozie, Ioana Cazacu, Luana Dragomirescu, and Ramona Pentilescu, and Associates Ioana Avram, Claudia Salomia, Ana Stoenescu, among others.
Norton Rose Fulbright’s London-based team was led by Partners Oliver Stacey and included Partner Dominic Stuttaford, Senior Associates Mark Maurice, and Associates Juliet Gordon and Rebecca Lander.
Dechert’s London-based team consisted of Partners Sean Geraghty, Smridhi Gulati, Timothy Bowden, and Daniel Hawthorne, Counsel James Stonehill, and Associates Ross Montgomery, Joshua Smith, Daniel Mansfield, Kerenza Kerslake, Amy Rees, Gottfried Bassewitz, Ruth Taylor, Anthony Frost, Jonathan Burke, Rose Limaye, Sarah Moffat, Nathan Smith, Madeleine White, Nicolas Kokkinos, Aleksander Reda, and Evan Flowers.
Eversheds Sutherland's team in Romania consisted of Managing Partner Cristian Lina, Senior Associate Carolina Baloleanu, and Associate Irina Stoicescu.
Editor's note: On October 1, 2021, Eversheds Sutherland announced that the deal had successfully closed. The firm's updated team included Managing Partner Cristian Lina, Partner Carolina Baloleanu, Senior Associate Irina Stoicescu, and Associate Livia Tuca.
