Vodafone Group Plc (LON:VOD) Vodafone Romania S.A. and Digi Romania S.A. have entered into binding agreements with Hellenic Telecommunications Organization S.A. to acquire separate parts of OTE’s subsidiary, Telekom Romania Mobile Communications S.A.
Vodafone will acquire TKRM and its post-paid customer base for €30 million (before standard closing adjustments), while Digi has agreed to acquire its pre-paid customer business. Both companies will also gain additional spectrum and towers as part of the transaction.
Margherita Della Valle, Chief Executive of Vodafone Group, commented: “This transaction strengthens our position in Romania, by increasing our local scale and unlocking significant synergy benefits. It supports our strategy of building strong positions in growing markets, which enables us to invest in the high-quality networks our customers rely on.”
This announcement concludes the successful implementation of the Memorandum of Understanding signed between the parties and announced in October 2024.
Completion of the transaction is expected to take place in early October 2025.
