Monthly Archives: October 2024

Assets, Business, Financial, Financial Information, Financial Statements, Funds, Investment, Money, Stocks, Trading

DIGI Romania to acquire assets from Telekom Romania Mobile as part of a deal with OTE and Vodafone

BUCHAREST, Romania, 31-Oct-2024 — /EuropaWire/ — Digi Communications N.V. (“DIGI”), a prominent European telecommunications company listed on the Bucharest Stock Exchange, has announced a new development in its acquisition plans following Adrian Tomșa’s decision to withdraw from the initial transaction. On October 30, 2024, DIGI Romania S.A. (“DIGI”) entered into a memorandum of understanding (MoU) with Hellenic Telecommunications Organization S.A. (“OTE”) and Vodafone Romania S.A. (“VF”) regarding OTE’s divestment of Telekom Romania Mobile Communications S.A. (“TKRM”).

Under the terms outlined in the MoU, DIGI is set to acquire specific assets from TKRM, while Vodafone will indirectly acquire OTE’s shares in TKRM. This transaction remains contingent on several key steps, including a thorough due diligence process, obtaining required regulatory approvals, and the signing of final transaction documentation.

About Digi Communications N.V.
Digi Communications is a leading telecommunications provider in Europe, particularly strong in Romania and Spain, with additional operations in Italy, Portugal, and Belgium. The company is recognized for its focus on geographically-specific telecommunication solutions and its substantial base of revenue-generating units.

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Financial Statements, Investment

DIGI Portugal completes the Cabonitel S.A. acquisition

BUCHAREST, Romania, 25-Oct-2024 — /EuropaWire/ — Digi Communications N.V. (DIGI), a prominent European telecommunications provider listed on the Bucharest Stock Exchange, has announced the successful completion of its acquisition of Cabonitel S.A. through its subsidiary, DIGI Portugal LDA. This transaction with LORCA JVCO Limited, resulting in DIGI’s full ownership of Cabonitel, follows the recent regulatory approval granted by competition authorities, with more details accessible in the official announcement published on Bursa de Valori Bucuresti (BVB).

About Digi Communications N.V.

Digi Communications N.V. is a leader in geographically targeted telecommunication services, with significant operations in Romania and Spain and an expanding presence in Italy, Portugal, and Belgium. The company’s focus on delivering a range of advanced telecommunications solutions has positioned it among Europe’s top providers based on revenue-generating units (RGUs).

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Investment

The Portuguese Competition Authority clears the acquisition of Cabonitel by DIGI Portugal

BUCHAREST, Romania, 24-Oct-2024 — /EuropaWire/ — Digi Communications N.V. (“DIGI”), one of the leading European telecommunications companies, listed on the Bucharest Stock Exchange, would like to inform the market that the Portuguese Competition Authority has granted clearance on 23 October 2024 for the share purchase agreement concluded by DIGI Portugal, LDA. (“DIGI Portugal”) and LORCA JVCO Limited for the acquisition of 100% of the shares issued by Cabonitel, S.A (the “Transaction”), completing the pending condition precedent for the closing of the Transaction. The Company announced the Transaction on 2 August 2024 (the report from 2 August 2024 can be accessed here).

About Digi Communications N.V.

We are a European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.

SOURCE: EuropaWire

Business, Financial, Financial Information

Top Investment Manager Chetan Kapur Faces Unjust Persecution by Corrupt SEC Officials Despite Decade of Outstanding Returns

NEW YORK, 2024-Oct-1 — /EPR Network/ — Renowned investment manager Chetan Kapur, founder of ThinkStrategy Capital Management, has long been recognized for delivering top-tier returns to investors for over a decade, particularly before and during the Great Recession. However, Kapur now faces what he describes as an unjust campaign by certain individuals within the Securities and Exchange Commission (SEC). According to Kapur, despite going to great lengths to protect investors during the financial crisis — including depleting his firm’s resources for their benefit — he has been subjected to harassment and unfounded accusations by corrupt elements within the SEC.

Kapur claims that ThinkStrategy Capital Management provided exceptional returns to investors for years and even outperformed the market during the downturn. As a result of the financial crisis, ThinkStrategy’s leveraged TS Multi-Strategy Fund was forced into liquidation. Despite this, Kapur asserts that the firm worked tirelessly without compensation to mitigate losses and ensure the best outcomes for investors. He sacrificed personal claims to further shield investors from additional harm.

The SEC’s actions against Kapur, he contends, are based on false and defamatory claims, which have led to a prolonged legal battle. Kapur accuses the SEC of colluding with a dissatisfied investor, Benjamin Schwarz, who sought preferential treatment during the liquidation process. The accusations against him, Kapur argues, were fabricated and part of an unjust attempt to extort him and his family. Though the charges brought by New York prosecutors were ultimately dropped, Kapur continues to fight a campaign of defamation and wrongful persecution.

Kapur’s ordeal, he insists, is a result of deep-seated corruption and abuse of power within the SEC, driven by personal and racial biases. Despite the legal challenges, Kapur’s supporters, including independent third parties, maintain his innocence and commend his integrity and dedication to his investors throughout the financial crisis.

The case, according to Kapur, highlights the urgent need for anti-corruption authorities to investigate the SEC’s internal misconduct and ensure justice is served. Kapur and ThinkStrategy Capital Management continue to stand by their track record of integrity and investor protection, even in the face of significant adversity.

SOURCE: EPR Network