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Orange ups Moldovan stake (Moldova)

  • August 13th, 2007
  • 2:10 pm

France Télécom’s mobile business Orange has acquired 33.3% of Orange Moldova for EUR103 million (USD141.1 million) in cash, according the French financial paper Les Echos. The purchase brings Orange’s stake to in Orange Moldova (known as Voxtel until April this year) to 94.3%. The cellco reported 995,000 customers at the end of June, a two-thirds market share.

   

 

Voxtel revenues and customer base increased in 2006

  • February 9th, 2007
  • 3:18 pm

Telegeography writes…Moldova’s leading cellco Voxtel, which is 65% owned by France Telecom’s cellular arm Orange, has reported a 36% rise in its subscriber base during 2006 from around 660,000 at the end of 2005 to 900,000 at the end of 2006. A company spokesman revealed that the operator’s revenue was up 39% in 2006 to MDL1.3 billion (USD105.4 million), adding that investment had amounted to USD20 million for the year.