Cosmote România is a Romanian mobile phone operator. It is the smallest mobile phone operator in the country, after Orange Romania, Connex-Vodafone and Zapp Mobile and seventh on the list of phone networks in Romania. (After Orange, Connex, Romtelecom, Zapp, RDS.tel and Astral IPphone). It is a GSM network with around 80.000 subscribers, having less than 1% market share. It started operations under the brand name Cosmorom, but was rebranded in 6 December 2005 after the takeover by the greek Cosmote in august 2005 as Cosmote România. Orange Romania is Romanias largest GSM network operator. ... Connex-Vodafone is Romanias second-largest mobile phone network operator. ... Zapp Mobile is the only CDMA mobile phone operator in Romania, since the countrys market leaders use GSM. Overall, Zapp is the fourth largest network operator in the country and the 3rd mobile operator. ... Not to be confused with Get Some Mates The Global System for Mobile Communications (GSM) is the most popular standard for mobile phones in the world. ... December 6 is the 340th day (341st on leap years) of the year in the Gregorian calendar. ... 2005 (MMV) is a common year starting on Saturday of the Gregorian calendar. ...

Cosmorom was a subsidy of the former romanian national phone operator Romtelecom and it never had reported any profit and it has been estimated that the initial investment and subsequent loss that was covered by the mother company reached over a billion dollars. There were talks about closing it down, but the decision was delayed several times so far and Cosmorom's future was uncertain. Romtelecom is the largest telecommunications company in Romania and majoritarily by Greek telecommunications company OTE (54. ...

Nevertheless, the Greek mobile phone company Cosmote (that also owns mobile phone companies in Bulgaria, Republic of Macedonia and Albania) agreed to buy the majority of shares and the management of Cosmorom from its parent company OTE (the Greek ex-telecoms monopoly) that also owns Romtelecom, Romania's fixed telephone company. OTE (NYSE: OTE) is the national telecom provider of Greece. ...

Considering Cosmote's success stories in entering mobile markets in Bulgaria, Republic of Macedonia and Albania and the fact that the company is the biggest mobile operator in Greece and a major player in the Balkans, also exclusively marketing i-mode and i-mode 3G (for the first time outside Japan) in all these markets it is highly possible that the remarketing of Cosmorom will be succesfull.

Cosmote officials believe that there is room for Cosmote România in the market of Romania where mobile penetration is at about 50% and growing fast, so they are preparing for an aggressive come back until the end of 2005 with the aim of extending network coverage and providing exclusive services, thus gaining customers.

External links

• Official site
• Press release about the takeover