Digi Communications N.V. announces „The Competition Council approves the acquisition of the assets and of the shares of Telekom Romania Mobile Communications by DIGI Romania and Vodafone Romania”

(IN BRIEF) On October 31, 2024, Digi Communications N.V. announced the signing of a Memorandum involving its subsidiary DIGI Romania S.A., Hellenic Telecommunications Organization S.A. (OTE), and Vodafone Romania S.A., under which DIGI would acquire certain assets from Telekom Romania Mobile Communications S.A. (TKRM), and Vodafone would acquire OTE’s shares in TKRM, pending regulatory approvals. The Romanian Competition Council has now granted conditional approval for the transaction, requiring DIGI to integrate the acquired spectrum and pre-paid services, enhance internet speeds—particularly along highways—and update its MVNO offering, while Vodafone must also meet certain commitments. This follows earlier approval by the Commission for Review of Foreign Direct Investments (CEISD). DIGI Romania expressed its appreciation to the Competition Council, CEISD, and ANCOM for their cooperation and continues to await ANCOM’s final approval and agreement on remaining terms before the transaction can be finalized. 

(PRESS RELEASE) BUCHAREST, Romania, 28-Jul-2025 — /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 on October 31, 2024, the Company announced the market that a Memorandum had been concluded between DIGI Romania S.A. (“DIGI”), Hellenic Telecommunications Organization S.A. (“OTE”), and Vodafone Romania S.A. (“Vodafone”), whereby DIGI was to acquire certain assets from Telekom Romania Mobile Communications S.A. (“TKRM”) and Vodafone was to acquire the shares held by OTE in TKRM, subject to the fulfillment of several conditions (the “Transaction”), including obtaining the approval of the competition authority  (https://www.bvb.ro/FinancialInstruments/SelectedData/NewsItem/DIGI-Memorandum-incheiat-de-Digi-Romania/5144E ).

The Competition Council has issued its approval, subject to certain commitments undertaken by DIGI and Vodafone. The commitments undertaken by DIGI mainly include: the full integration and use of the spectrum, as well as the pre-paid activity taken over from TKRM, investments aimed to increase the internet speed, especially in relation to public roads and highways and ensure enhanced access in specific zones, as well as updating the MVNO offer available for the following period.

The approval by the Competition Council follows the approval by the Commission for Review of Foreign Direct Investments (“CEISD”) which had previously also approved the Transaction.

Digi Romania welcomes these developments and would like to thank the Competition Council, the CEISD and ANCOM for their cooperation and their efforts in analyzing this complex Transaction. The Transaction remains subject to agreement over final terms as well as approval by ANCOM of certain matters.

The Company will continue to inform the market and the investors as relevant developments occur.

For additional information, please contact us at investor.relations@digi-communications.ro.

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:

Digi Communications NV
Phone no: +4031 400 6505
investor.relations@digi-communications.ro

Website:

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FAQs:

1. What is the transaction involving DIGI Romania, OTE, and Vodafone Romania about?
The transaction involves DIGI Romania acquiring certain assets from Telekom Romania Mobile Communications S.A. (TKRM), while Vodafone Romania is set to acquire the shares held by Hellenic Telecommunications Organization S.A. (OTE) in TKRM.

2. When was the transaction first announced?
The Memorandum outlining the transaction was announced on October 31, 2024.

3. Has the transaction received regulatory approval?
Yes, the transaction has received conditional approval from the Romanian Competition Council, and prior approval from the Commission for Review of Foreign Direct Investments (CEISD). It is still subject to additional approvals from ANCOM and agreement on final terms.

4. What conditions did the Competition Council impose on DIGI and Vodafone?
DIGI is required to fully integrate the spectrum and pre-paid operations acquired from TKRM, invest in improved internet speeds—especially along public roads and highways—and update its MVNO offer. Vodafone must also meet certain undisclosed commitments.

5. What is the role of ANCOM in this transaction?
ANCOM’s approval is still required for certain aspects of the transaction to proceed to completion.

6. Why is this transaction significant for DIGI Romania?
The transaction allows DIGI Romania to expand its telecommunications infrastructure and customer base by acquiring valuable assets from TKRM, enhancing its competitive position in the Romanian market.

7. Where can investors or interested parties get more information?
Further inquiries can be directed to DIGI Communications N.V. via email at investor.relations@digi-communications.ro.

8. What regions does DIGI Communications N.V. operate in?
DIGI is a leading telecommunications provider in Romania and Spain, with additional operations in Italy, Portugal, and Belgium.

SOURCE: Digi Communications N.V.