The deal announced on Friday evening after the Bucharest Stock Exchange where the Digi group is listed closed is a complex deal, which also incudes the option for RCS&RDS to operate the networks of AKTA and the smaller affiliated player and pay rent for it and the option for an acquisition, which is subject to several conditions being met, such as securing the approval of the Competition Council.
“RCS&RDS will operate the electronic communications networks of the assigners and provide electronic communications services to customers, in exchange for payment by RCS&RDS of rent in an amount agreed by the parties by contract. (…) The contracts are signed for an initial duration of three years that may be extended as chosen by any of the parties for a new three-year term. The amounts payable as rent or price by RCS&RDS under such contracts stand at no more than EUR77 million excluding VAT,” RCS&RDS’ announcement reads.
Rumors about RCS&RDS buying AKTA has spread on the market since the spring but were dismissed by the operator held by the Oradea billionaire Zoltan Teszari at the time. AKTA operates in rural areas and small cities mainly.
(English version by Loredana Fratila-Cristescu)