Romania Telecommunications Report Q4 2009

In our Q409 Telecommunications Report for Romania we have revised our five-year forecasts for the mobile, fixed-line and broadband sectors and updated the market data analysis sections. Romania has one of the most developed telecommunications markets in Central and Eastern Europe (CEE) and is home to some of the region's most prominent players.

The main development to occur in the mobile sector has been Cosmote's acquisition of Telemobil. In June 2009 Telemobil's owner, Saudi Oger agreed to sell the mobile unit for an enterprise value of EUR207mn. It is not yet clear whether Cosmote will merge with Telemobil or continue to run it as a separate entity but either way we are expecting Cosmote to ramp up competition in the mobile data segment. Cosmote had been lacking a 3G licence which was its main motivation for acquiring for Telemobil, which operates a CDMA network and a UMTS network. Cosmote is owned by Greece's OTE ??