Digi Communications N.V. announces that the Portuguese Competition Authority has granted clearance for the share purchase agreement concluded by the Company’s subsidiary in Portugal

The Portuguese Competition Authority has approved the share purchase agreement between DIGI Portugal, LDA, and LORCA JVCO Limited.

(IN BRIEF) Digi Communications N.V. announced that the Portuguese Competition Authority has approved the share purchase agreement between its subsidiary, DIGI Portugal, LDA, and LORCA JVCO Limited. This agreement involves the acquisition of 100% of the shares of Cabonitel, S.A. With this clearance, the final condition for closing the transaction, originally announced in August 2024, has been met. Digi Communications N.V. is a leading telecommunications provider in Romania, Spain, and other European countries, including Portugal.

(PRESS RELEASE) BUCHAREST, Romania, 24-Oct-2024 — /EuropaWire/ — Digi Communications N.V. (“DIGI”), one of the leading European telecommunications companies, listed on the Bucharest Stock Exchange, would like to inform the market that the Portuguese Competition Authority has granted clearance on 23 October 2024 for the share purchase agreement concluded by DIGI Portugal, LDA. (“DIGI Portugal”) and LORCA JVCO Limited for the acquisition of 100% of the shares issued by Cabonitel, S.A (the “Transaction”), completing the pending condition precedent for the closing of the Transaction. The Company announced the Transaction on 2 August 2024 (the report from 2 August 2024 can be accessed here).

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.

Contacts:

For Digi Communications NV
Phone no: +4031 400 4444
investor.relations@digi-communications.ro

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FAQs 

What was the recent announcement made by Digi Communications N.V.? Digi Communications N.V. announced that the Portuguese Competition Authority has granted clearance for the share purchase agreement between its subsidiary DIGI Portugal, LDA, and LORCA JVCO Limited. This agreement involves the acquisition of 100% of the shares of Cabonitel, S.A.

When did the Portuguese Competition Authority grant clearance for the transaction? The Portuguese Competition Authority granted clearance for the share purchase agreement on 23 October 2024.

What is the significance of the clearance by the Portuguese Competition Authority? The clearance from the Portuguese Competition Authority was the final condition required to close the transaction between DIGI Portugal, LDA, and LORCA JVCO Limited for the acquisition of Cabonitel, S.A.

What is the share purchase agreement related to? The share purchase agreement involves DIGI Portugal acquiring 100% of the shares issued by Cabonitel, S.A., a Portuguese company.

When was the share purchase agreement originally announced? The share purchase agreement between DIGI Portugal and LORCA JVCO Limited was originally announced on 2 August 2024.

What is Cabonitel, S.A.? Cabonitel, S.A. is the company whose 100% shares are being acquired by DIGI Portugal as part of the transaction.

What does Digi Communications N.V. do? Digi Communications N.V. is a leading European provider of telecommunications services, operating in Romania, Spain, and other European countries, including Italy, Portugal, and Belgium.

Why is this transaction important for Digi Communications N.V.? The acquisition of Cabonitel, S.A. expands Digi Communications N.V.’s presence in Portugal and strengthens its position as a leading telecommunications provider in Europe.

SOURCE: Digi Communications NV