Will Vegastel be the next deal in mobile telephony retail?

The maturing of the of the local mobile telephony market, which has meant lower revenues for the partners of mobile telephony operators on this market, will accelerate the wave of consolidations on the GSM retail market – with the preferred acquisition targets expected to be owners of large store networks, with as many stores as possible in shopping centres. According to several sources on the local GSM retail market, Vodafone is in takeover talks with the Vegastel group, held by businessman Adrian Prodan. The Vegastel group, headquartered in Botosani, retails Orange, Vodafone and Cosmote products, through three companies: Vegastel – Orange partner, Cosmoplus – Cosmote partner, and Voxtel – Vodafone partner. The owner of Vegastel, however, has denied negotiations with Vodafone. “These are just rumours, which are damaging my relationship with Orange Romania,” Prodan told ZF, adding, however, that his intention to sell Vegastel remained valid.