Competition on local telecom market gets tougher Mobile number portability to become effective in Oct 2008 Government auctions 400-420 Mhz radio telecom licence Telecom turnover increases by 64% y/y in 2007 to RON 23bn (EUR 7bn) IT&C sales to reach 10% of GDP in 2008 from 4% in 2006 Mobile phone penetration rate hits 108% Romtelecom listing may start this fall Orange increases revenues by 24% y/y to EUR 1.23bn in 2007 Vodafone increases revenues by 18.8% y/y in Oct-Dec 2007 Saudi Oger acquires Telemobil RCS &RDS extends 3G mobile telephony network IT market growth to slow down this year from 16.7% y/y in 2007 Local personal computer market increases by 48% last year