Orange To Acquire Sun Communications

(RTTNews) - Orange (ORAN) said that it has signed an agreement to acquire 100% of Sun Communications' share capital, cable TV operator in Moldova.

The acquisition of Sun Communications in Moldova is part of this strategy.

Sun Communications is a Pay TV provider in Moldova by customer base and offers digital and cable TV services under the brand SunTV to customers in Chisinau, Balti and Cahul. With over 172 channels and 25 HD channels on offer, SunTV is one of the largest providers of cable TV services with over 100,000 active customers. Sun also offers internet and VOIP (Voice over IP) services to over 38,000 customers in Moldova, offering up to 300Mbps connectivity.

The transaction will allow Orange to enter the fixed and Pay TV services market and offer new and innovative services to the customers, particularly convergent offers and services across fixed, mobile and pay TV services.

The completion of the transaction remains subject to the approval of competition authorities.

separately, Orange Digital Ventures announces a new investment in BandwidthX, the leading Wi-Fi connectivity marketplace for operators.

The BandwidthX business model could become central to capacity sharing between mobile operators, as contemplated in the work preparatory to 5G in which Orange is participating.