Romania Telecommunications Q1 2019
We believe organic subscription-led growth is no longer possible in the saturated Romanian mobile market, but there isscope for ARPU growth as the share of post-paid subscriptions increases. Convergence seems to be the key theme on theRomanian market, as it is rumored that Orange is preparing to buy the country's third-largest cable network operator, AKTA, andVodafone has agreed to purchase Liberty Global’s assets in Romania. Buying AKTA would position Orange ahead of incumbentTelekom in the multi-play maket, but its strongest competitor will remain RCS&RDS, an experienced converged services provider.
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