Orange in talks to take over Euro-GSM, last locally-held major GSM retailer - Azi

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Cluj-based businesspeople Silvia and Zsolt Fodor could relinquish control of the last big player in GSM retail, in order to focus on real estate (a five-star hotel and a housing & commercial space complex).Orange, the largest mobile phone operator in Romania, is in advanced talks to take over Euro-GSM, the last major GSM retailer held by local entrepreneurs and one of the biggest partners of the operator, market sources told ZF.

The value of the transaction is estimated at around 20 million...

Read the whole story in: Ziarul Financiar