The transactions, expected to close in early October, will see Vodafone take over TKRM's postpaid and business segments, including employees, the retail network, and network infrastructure. The value of the assets Vodafone is acquiring is €30 million.
In a parallel and interdependent deal, DIGI Romania has acquired certain assets from TKRM, including specific spectrum licenses, telecommunications towers, and the entire prepaid mobile services business, for €40 million.
Vodafone Romania, in partnership with the National University of Science and Technology Politehnica Bucharest and Fifth Ingenium, has started the implementation of the 5G-ENRICH project.
Public telecom company Digi Communications has secured substantial financing facilities to bolster its operations.
The National Company for Road Infrastructure Administration (CNAIR) has announced that Vodafone Romania has won the contract for implementing the electronic road toll system.
The National Authority for Administration and Regulation in Communications (ANCOM) has identified Digi Romania as a provider with significant market power.
Nedim Baytorun, Consumer Business Unit Director at Vodafone Romania since July 1st 2021, will take over as CEO of the company.
The closing of the announced transaction is conditioned by a legal process, including the completion of due diligence and prior approvals.
Karoly Borbely, Chairman of the Management Board and CEO, and Marian Fetiţa, Member of the Management Board and CFO, have mutually agreed to exit Hidroelectrica.
The Ministry of Finance has raised almost RON 2.2 billion (approx. €435 million) from investors on the BVB in September, through the eighth offering of Fidelis government bonds.
Rompetrol Rafinare has announced the signing of an amendment to a syndicated loan agreement, with a value of up to $600 million.
Premier Energy has announced the acquisition of a 51% stake and management control of Iberdrola Renovables Magyarország KFT, a subsidiary of Spanish energy giant Iberdrola.
Exim Banca Românească has provided approximately €14 million in financing for a new greenfield investment.
