The contract is part of a remedy package to be submitted by Vodafone to the Portuguese Competition Authority in connection with its acquisition of Cabonitel/NOWO Communications S.A.
„The Company would like to inform the market that on December 8, 2023, DIGI PORTUGAL LDA. (“Digi Portugal”) and VODAFONE PORTUGAL – COMUNICAÇÕES PESSOAIS, S.A. (“Vodafone”) have entered into a framework agreement on the basis of which, after the Portuguese Competition Authority’s approval Digi Portugal will be assigned the spectrum usage rights of 2×10 Mhz in the 1,800 Mhz band and 2×10 Mhz in the 3,400-3,800 Mhz band and granted wholesale bitstream access over Vodafone’s own proprietary optical fibre network to Digi Portugal, as part of a remedy package to be submitted by Vodafone to the Portuguese Competition Authority in connection with its acquisition of Cabonitel/NOWO Communications S.A..” reads the company’s report.
Telecom operator Digi Communications, an entrepreneurial company controlled by businessman Zoltan Teszari, reported EUR1.23 billion revenues for the first nine months of 2023, against EUR1.1 billion in the same period of the previous year, up 13%.
Digi has a RON4.1 billion bourse capitalization.
(English version by Catalina Apostoiu)