Vodafone, Digi seal Telekom Romania takeover deal
OTE Group exits Romania, with Digi taking €40m worth of assets and Vodafone Romania splashing €30m on the rest.
This article includes:
- Themes: Customer erosion; Enterprise business; Impairment loss; In-market consolidation; Merger and acquisition (M&A); Mobile customer base; Network infrastructure; Postpaid migration; Revenue decline; Right-sizing strategy; Spectrum licences; Takeover deal.
- Events: Asset divestment; Deal closure; Memorandum of understanding; Regulatory approval; TRMC acquisition.
- People: Charalampos Mazarakis; Margherita Della Valle; Nedim Baytorun; Tim Höttges.
- Geographic: Greece; Romania; Spain; United Kingdom.
- Organisations: Digi Romania; Deutsche Telekom (DT); OTE Group; Orange Romania; Telekom Romania Communications (TRMC); Vodafone Group; Vodafone Romania; VodafoneThree.
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