Greek telco Hellenic Telecommunications Organisation (OTE) has confirmed it's in discussions to sell 100 percent of its mobile operations in Romania.

The company, a subsidiary of Deutsche Telekom, said it is in talks with Quantum Projects Group, owner of Romanian media firm Clever Media, over the sale of Telekom Romania Mobile.

Telekom Romania
– Getty Images

The duo have signed an MoU and have filed for approval by the relevant authorities in Romania.

Further information was not provided, such as a potential agreement date or financial terms.

In 2021, OTE sold its majority stake in Telekom Romania's fixed operator arm to Orange.

Telekom Romania is currently the smallest of the four mobile operators in Romania, with around 3.9 million connections. The operator trails behind Orange, Vodafone, and Digi Communications.

The company was originally launched as Cosmorom in 1999 by Romtelecom, with OTE as its majority owner, before it entered service in April 2000.

Formerly a state-owned telco, OTE has been majority-owned by Deutsche Telekom since 2009.

If OTE were to exit the Romanian market, it means it would be left with just its Greek market, after previously selling operations in Albania and Bulgaria.

The operator sold its Bulgarian unit to Telenor over ten years ago - which was then sold to investment firm PFF in 2018 and today operates as Yettel.

OTE then sold its stake in Telekom Albania in 2019, a company owned by Vivacom owner Spas Roussev; today the company operates as One Albania and is owned by 4iG.