France Telecom to increase its stake in Orange Romania

France Telecom to increase its stake in Orange Romania

Paris, April 14, 2005

France Telecom announced today the signature of an agreement with a group of minority shareholders in Orange Romania to acquire their shares for a total cash consideration of US$ 523 million corresponding to a 2004 EBITDA multiple of 4.8. Following the transaction, France Telecom indirect stake in Orange Romania will increase from its current level of 73.27% to 96.63%.

This transaction enables France Telecom and Orange to consolidate their position in one of their key assets with high growth prospects.

With
- 48% of market share,
- revenue growth of 47% (between 2003 and 2004) and
- an EBITDA margin of 54%, Orange Romania is a leader in its market. (very-very close,
Shoulder to shoulder with CONNEX – the future VODAFONE operator in Romania)

Sellers include a consortium of financial investors led by AIG New Europe Fund, a US$ 320 million fund managed by an affiliate of AIG Capital Partners. Other members of the consortium include Polish Enterprise Fund L.P. and Polish Enterprise Fund IV L.P. managed by Enterprise Investors, Innova/98 L.P. managed by Innova Capital, Communications Venture Partners, BancBoston capital, now part of Bank of America and Société Générale Romania Fund; and Alcatel NV. Sellers were advised by Ph. Villin Conseil and Edmond de Rothschild Corporate Finance.

As someone observed today, with this transaction, Orange Romania is valued at US$2.2 - 2,5 bn or US$450 -500/user. (less than VODAFONE payed for CONNEX)



As you remember and can read HERE
Vodafone paid 3.5 billions Dollars + 0,9 billion Dollars (in assumed debts)= 4,4 billions $ for both CONNEX and OSKAR (Connex’s sister company in the Cech Republic)…

I wonder what’s the Wats ORANGE’s REAL MARKET VALUE?! Let’s learn something from the VODAFONE deal with Connex:

Vodafone bought 79% stakes from Mobifon, because they already owned 20%... If these 79% could be around 2-2.5 Billions $ it means that the MARKET VALUE of CONNEX is at least 2,5 if not 3 billions Dollars.

Impressive, ha? ;-)


Connex has around 5 millions customers so, each CONNEX user value around 550 - 600$...

Here some details about CONNEX (and in the future VODAFONE) in ROMANIA:
mobile penetration of approximately 47%
- 4.9 million customers, equivalent to 48% market share
- revenues of US$723 million, delivering 30% growth year-on-year
- EBITDA of US$345 million with 48% EBITDA margin


There will be a fantastic fight between the GIANTS - Vodafone and Orange...and I hope that we, the clients will benefit the most from their 'duel'...



Here on PerformYourMagic blog you can find Personal & Business Development Training, Team Building, Coaching, Consulting Services, free powerful tools, news, links and articles for Successful people...Recommended by Cristian C. Francu

Remember MONISA?

Remember MONISA?

Remember our call for help?


Well, thanks to those who helped her, her family, friends, donators, the doctors that operated her, and last but not least, thanks to her own power and desire to live, she is now healthy, back on her feet, smiling and ready to start living again!

Thanks for everything guys!

In a couple of weeks we will be able to see her in the Academy of Economic Studies in Bucharest!
There still are miracles happening in our world, our time and our hearts!

God Bless you al and God Bless Monisa!


Here on PerformYourMagic blog you can find Personal & Business Development Training, Team Building, Coaching, Consulting Services, free powerful tools, news, links and articles for Successful people...Recommended by Cristian C. Francu

Carpenisan: Romanian Journalists Are Free and all lookes like a "dirty business"...

As I reported on April 6 in the morning (details HERE) it seems that the Romanian Journalists ARE FREE (or at least in the UK or US Secret Services custody...) and the key of the kidnapping is Hayssam and the Romaniana arab or 'mafia'...

The Romanian presidency announced yesterday, after a full week of silence, that the three Romanian journalists kidnapped by Iraqi characters are alive, still could not offer any details on their situation.

The denial of the infos about the freedom of the three journalists from the Presidency and the silence after it, may be related with some new infos that we do not posses yet, maybe about the involvement of Hayssam and maybe, just maybe, with the involvement in the kidnapping of one or all the journalists … I do not want to ASSUME, because I do not want to make an ASS of U and ME! And I hope the three will get back home safe and soon!

Meanwhile, Mile Carpenisan, special war reporter for the Antena 1 TV station, recently returned from Baghdad, claims that the journalists are free since April 4th and that the entire affair is nothing but "dirty business" he is ashamed of.

The journalists' trip sponsor, Omar Hayssam, will find out today whether his criminal investigation would take place with him under arrest or at large.

Mile Carpenisan was in Baghdad when the three Romanian journalists were kidnapped. After following the case closely, he reported that they were released and recuperated by the allied forces. Authorities still deny the statement.

The first information he got was that the journalists were kidnapped by Al Sunnar, Al Zarqaui's terrorist cell in Baghdad. Prima TV station, employer of two of the kidnapped journalists, denied the information, as if they knew that something else was going on, according to Carpenisan.

This clip here is very very interesting.


You must watch it.

It’s from “NASUL” (The Godfather) TV Show from B1TV Station, with Moraru as the host. Mircea Dinescu was trying to say something about the connections between the Romanian arab Mafia and the kidnapping when Cristian Sabagh, special reporter from Prima TV hit him under the table…
Judge it for yourself!

I have the video, like the most of the info presented in this post from

www.revistapresei.ro.

More on the kidnapping here

Here on PerformYourMagic blog you can find Personal & Business Development Training, Team Building, Coaching, Consulting Services, free powerful tools, news, links and articles for Successful people...Recommended by Cristian C. Francu

The TIME 100 most remarkable People

TIME's list of the men and women whose power, talent or moral example is transforming the world

One century, 100 remarkable People.

TIMES Magazine profiled these people who - for better or for worse – influenced the most the last 100 years.

They are divided in Five major groups:

Leaders & Revolutionaries
Twenty people who helped define the century's political and social fabric
MLK, FDR, Churchill, Hitler, more...

Artists & Entertainers
Twenty pioneers of human expression who enlightened and enlivened us
Brando, Dylan, Sinatra, Winfrey, more...

Builders & Titans
Twenty innovators who changed how the world works
Ford, Luciano, Disney, Gates, more...

Scientists & Thinkers
Twenty people who overthrew our inherited ideas about logic, language, learning, mathematics, economics and even space and time
Freud, Einstein, Salk, Shockley, more...

Heroes & Icons
Twenty people who exemplify courage, selflessness, exuberance, superhuman ability and amazing grace
Robinson, Lindbergh, Kennedys, Ali, more...

Person of the Century
Albert Einstein was the pre-eminent scientist in a century dominated by science. Now, when we think of genius, we see his face
Runner-Up: Franklin D. Roosevelt, Runner-Up: Mohandas Gandhi


What do you think about the list?

More details on the website and even more details if you have a subscription...

Who's missing? Who shoudn't be there?

Musab al-Zarkawi and Dalai Lama, Nelson Mandela or Hilary Swank, but also, Dan Brown, the author of the best seller "The Da Vinci Code" are there in the list.

Here on PerformYourMagic blog you can find Personal & Business Development Training, Team Building, Coaching, Consulting Services, free powerful tools, news, links and articles for Successful people...Recommended by Cristian C. Francu