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

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.

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