DIGI Romania S.A. signs MoU with OTE and Vodafone Romania
(IN BRIEF) Digi Communications N.V. announced that its Romanian subsidiary, DIGI Romania S.A., has entered a memorandum of understanding (MoU) with OTE and Vodafone Romania regarding OTE’s divestment from Telekom Romania Mobile Communications (TKRM). The MoU outlines plans for DIGI to acquire certain TKRM assets, while Vodafone Romania will indirectly acquire OTE’s shares in TKRM. The transaction is subject to due diligence, regulatory approvals, and the completion of documentation.
(PRESS RELEASE) BUCHAREST, Romania, 31-Oct-2024 — /EuropaWire/ — Digi Communications N.V. (“DIGI”), one of the leading European telecommunications companies, listed on the Bucharest Stock Exchange, has announced that in connection with the announcement made on 27 May 2024, the Company informs the market that, following the decision of Mr. Adrian Tomșa to withdraw from the initial transaction, on 30 October 2024 DIGI Romania S.A. (“DIGI”) entered into a memorandum of understanding (the “MoU”) with Hellenic Telecommunications Organization S.A. (“OTE”) and Vodafone Romania S.A. (“VF”) having as subject matter the OTE divestment from Telekom Romania Mobile Communications S.A. (“TKRM”) (the “Transaction”).
According to the MoU, the parties intend to carry out a series of interdependent operations and transactions pursuant to which DIGI will acquire certain assets from TKRM and VF will acquire indirectly the shares held by OTE in TKRM. The completion of the Transaction is subject to several conditions, including the finalization of the due diligence process, obtaining the necessary approvals from competent authorities and the completion and signing of the documentation related to the Transaction.
About Digi Communications N.V.
We are a European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.
For Digi Communications NV
Phone no: +4031 400 4444
investor.relations@digi-communications.ro
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What recent agreement did Digi Communications announce?
Digi Communications announced that its Romanian subsidiary, DIGI Romania S.A., signed a Memorandum of Understanding (MoU) with OTE and Vodafone Romania to facilitate OTE’s divestment from Telekom Romania Mobile Communications (TKRM).
What does the MoU entail?
The MoU outlines that DIGI will acquire specific assets from TKRM, while Vodafone Romania will indirectly acquire OTE’s shares in TKRM.
What are the conditions for completing the transaction?
The transaction is conditional upon due diligence, necessary regulatory approvals, and finalizing transaction documentation.
Who are the main parties involved in this MoU?
The primary parties include DIGI Romania S.A., Hellenic Telecommunications Organization S.A. (OTE), and Vodafone Romania S.A.
Where does Digi Communications operate?
Digi Communications is a leading telecom provider in Romania and Spain, with additional presence in Italy, Portugal, and Belgium.
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Publish date : 2024-10-31 01:47:00
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