DIGI Romania announced on the Bucharest Stock Exchange on Monday that the Competition Council had approved the acquisition of Telekom Romania Mobile. The transaction memorandum was signed on October 31, 2024 and stipulates that Vodafone will take over the assets of Telekom Mobile, with DIGI to take over certain assets.
“The Competition Council has issued its approval, subject to certain commitments undertaken by DIGI and Vodafone. The commitments undertaken by DIGI mainly include: the full integration and use of the spectrum, as well as the pre-paid activity taken over from TKRM, investments aimed to increase the internet speed, especially in relation to public roads and highways and ensure enhanced access in specific zones, as well as updating the MVNO offer available for the following period,” Digi said in its report to the Bucharest Stock Exchange on Monday.
The approval by the Competition Council follows the approval by the Commission for Review of Foreign Direct Investments (“CEISD”), which had previously also approved the Transaction.”
The next step is securing approval from the telecommunications watchdog ANCOM.
“The transaction remains subject to agreement over final terms as well as approval by ANCOM of certain matters. The company will continue to inform the market and the investors as relevant developments occur.”
(English version by Loredana Fratila-Cristescu)