The group did not disclose the value of the deal.
Digicom Systems has been operating on the local telecom market since 1995. It employed 26 people at the end of 2012. Its net profit fell to RON70,019 last year, from RON192,471 in 2011.
According to data available in the Official Journal, iNES Group entered Digicom Systems’ shareholding structure in July, when it took over 0.99% of its shares.
Digicom Systems’ shareholding structure also included Nelu Catalin Cuturela – 98.02% and Alina Cristina Cuturela – 0.99%. iNES Group bought their stakes in October.
iNES Group is one of the largest independent telecom operators in Bucharest. It registered turnover of RON22.53 million in 2012, up 5.1% on the year. (EUR1=RON4.4503)