Vodafone Romania is majority shareholder in Sayfone 2009 whereby it administers a network of over 100 stores.
Vodafone Romania shareholders decided on the merger through absorption in their meeting on June 29. The merger is expected to improve on clients’ experience in Sayfone units by meeting Vodafone standards, the draft merger agreement says.
It also says Vodafone Romania will conclude all merger transactions on October 1, 2012.
Sayfone 2009 reported a turnover of over EUR8 million in 2010.