Telekom Mobile, formerly Cosmorom, exits the market. Digi and Vodafone take over customers and infrastructure

Telekom Romania Mobile, initially known under the Cosmorom brand and part of Romtelecom, will be absorbed by its rivals Digi and Vodafone. The deal reduces the main players in the local telecom market from four to three and marks the definitive exit of the former fixed-line leader, a situation rarely seen in Europe.

With 3.5 million mobile customers – half of its peak in 2010 – and an operating profit of 1 million euros on revenues of 263 million euros in 2024, Telekom Mobile was sold for 70 million euros.

Digi will take over 1,5 million prepaid users

Digi will pay 40 million euros and take over 1.5 million prepaid users, while Vodafone will pay 30 million euros for 2 million subscribers, including business clients, along with the network of towers and infrastructure. The remaining stores and employees will be taken over by Vodafone.

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The seller, the Greek group OTE – which entered the Romanian market in 1998 by acquiring a 35% stake in Romtelecom – is closing its last international market. Under the increasing control of Deutsche Telekom, which now owns 55% of OTE, the withdrawal from Romania began back in 2018, following several failed attempts to sell the strategic infrastructure to investors.