„The Company informs the market that on 1 August 2024 DIGI Portugal, LDA. (“DIGI Portugal”) entered into a share purchase agreement with LORCA JVCO Limited for the acquisition of 100% of the shares issued by Cabonitel, S.A. at a valuation of EUR 150 million, subject to customary adjustments and certain contingent events (the “Transaction”). The Transaction perimeter includes Nowo Communications, S.A (“Nowo”), Portugal’s fourth biggest mobile and fixed telecom operator (entirely owned by Cabonitel S.A.). Nowo has ca. 270 thousand mobile telephony clients and ca. 130 thousand fixed telecommunications clients. Nowo also holds spectrum licenses in 1800 Mhz, 2600 MHz and 3600 MHz frequency bands. The completion of the Transaction is subject to competition clearance,” reads the company’s report.
Digi has a RON6.3 billion capitalization. Since the start of the year, its shares have gained 43%.
The company reported RON394.9 million revenues in the first quarter of 2024, up 11.7% from the year-earlier period, while profit from continuous operations dropped by 29.4%, to EUR10.8 million.
(English version by Catalina Apostoiu)