Romania Gets $880 Million From Mobile Phone Licenses Extension

Romania raised 682 million euros ($880 million) from extending mobile phone licenses, the country’s telecommunications market regulator, ANCOM, said.

France Telecom SA (FTE), Vodafone Group Plc, Hellenic Telecommunications Organization SA (HTO)’s Cosmote mobile unit and two Romanian companies bought the licenses, ANCOM said in a document published on its website today.

The eastern European country was seeking to get about 700 million euros from extending the phone licenses, some of them through 2029. It managed to sell about 85 percent of the auctioned frequencies, the regulator said.

Vodafone paid 228.5 million euros for 11 frequencies, Orange bought 12 frequencies for 227 million euros and Cosmote paid about 180 million for eight frequencies.

Romania’s RCS&RDS SA paid 40 million euros for two frequencies and 2K Telecom 6.6 million euros for one frequency, ANCOM said.

The five companies will pay the amounts for the licenses in two tranches, one by the end of November and the other by the end of June 2013, according to the document.

To contact the reporter on this story: Andra Timu in Bucharest at atimu@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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