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France Telecom Plans to Invest $811 Million in Romania, ZF Says

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Nov. 21 (Bloomberg) -- Orange Romania SA, France Telecom SA’s Romanian unit, plans to invest 600 million euros ($811 million) over four years, Chief Executive Officer Jean-Francois Fallacher told Ziarul Financiar.

The investment will be used to extend coverage for third-generation phone service in rural areas and to upgrade mobile-phone and Internet networks, Fallacher told the Bucharest-based newspaper in an interview.

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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