BUCHAREST, Romania, 28-Feb-2025 — /EuropaWire/ — Digi Communications N.V., one of Europe’s leading telecommunications companies listed on the Bucharest Stock Exchange, has released its preliminary financial results for 2024, reporting robust growth across its service portfolio. The company generated consolidated revenues of €1.93 billion, reflecting a 13.9% increase compared to 2023. A key contributor to this growth was the Q4 performance, where Digi reported a 14.2% rise in revenues to €516 million, driven by the strong expansion of its customer base and services.
The company’s adjusted EBITDA for 2024 amounted to €580 million, marking a 14.1% year-on-year increase, with Q4 adjusted EBITDA showing a solid 3% growth. The increase in revenue-generating units (RGUs) was particularly notable, as Digi’s total RGU count reached 27.8 million, a 16.4% year-over-year increase. This growth was largely fueled by expansions in mobile, broadband, pay-TV, and fixed telephony services across its markets, particularly in Romania, Spain, and newly launched operations in Portugal and Belgium.
Serghei Bulgac, CEO of Digi Communications, highlighted the company’s transformative achievements, stating, “2024 was a year of significant milestones for Digi Communications. Our strategic expansions, including our acquisition of Nowo Communications in Portugal and our entry into the Belgian market, are central to our growth. We are excited about the future and will continue working to provide high-quality, affordable connectivity services that drive innovation and economic growth across Europe.”
The company also reported major growth in Spain, where the number of mobile users increased by 25.7%, and broadband users surged by 42.1%. Portugal, where Digi began commercial operations in November 2024, is already showing promising results with 676,000 RGUs by the end of the year. Belgium’s joint venture with Citymesh also kicked off successfully with the launch of broadband internet and mobile services in December.
In Romania, Digi solidified its position as the second-largest mobile operator, achieving a 13% increase in mobile RGUs, while broadband services grew by 6.9%, further solidifying the company’s leadership across its core markets.
Digi’s CEO, Serghei Bulgac, emphasized the company’s commitment to expanding its services and improving customer satisfaction. “We are proud to serve millions of customers across five European markets. Their continued trust in us enables us to innovate, grow, and adapt to the ever-changing telecommunications landscape,” he said.
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.
BUCHAREST, Romania, 26-Feb-2025 — /EuropaWire/ — Digi Communications N.V. (“DIGI”), a prominent European telecommunications leader listed on the Bucharest Stock Exchange, is pleased to update investors and the broader market on the progress of Digi Spain Telecom S.L.U. (“Digi Spain”), its subsidiary in Spain.
At the beginning of February 2025, Digi Spain achieved a significant milestone by surpassing 2 million fixed broadband customers. This achievement reflects a rapid increase in customer acquisition, with network penetration surpassing 20% in areas covered by networks deployed between 2019 and 2020. Customers continue to demonstrate confidence in Digi Spain’s offerings, which provide internet speeds of up to 10 Gbps. In addition to this, the company is making substantial strides in expanding its optical fiber network across 50 provinces in Spain. The network now reaches over 12 million homes passed, including approximately 3 million homes added in the past year, out of a total of 24 million households nationwide.
In another key development, Digi Spain has surpassed 6 million mobile lines, further affirming the strong demand and customer satisfaction with the company’s mobile services.
As of December 31, 2024, Digi Spain has also significantly reduced its net debt, bringing it down to less than 215 million euros, which is equivalent to 1.4 times EBITDA—marking the lowest debt-to-EBITDA ratio among Spain’s leading telecom operators.
These positive outcomes underscore Digi Spain’s robust and sustainable business strategy, which emphasizes investment in both infrastructure and human resources, and further solidifies its competitive position in the Spanish telecommunications market.
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.
BUCHAREST, Romania, 21-Feb-2025 — /EuropaWire/ — Digi Communications N.V. has announced it will host a conference call on 28 February 2025 to present and discuss the company’s preliminary financial results for the year 2024. The call will take place at 14:00 UK time / 16:00 EET (Romania local time), and will be conducted in English. The unaudited financial results will be published earlier the same day, at 08:00 am EET.
The call will be led by Serghei Bulgac, the company’s CEO, and Dan Ionita, CFO of Digi Communications. The two executives will provide insights into the company’s performance and financial outcomes for the year.
Stakeholders who wish to participate in the call are encouraged to pre-register at the provided link before the registration deadline of 28 February 2025, 12:00 UK time / 14:00 EET (Romania local time).
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.
BUCHAREST, Romania, 9-Dec-2024 — /EuropaWire/ — Digi Communications N.V. (DIGI), a leading European telecommunications provider listed on the Bucharest Stock Exchange, has announced two significant financing agreements to enhance its operational capacity and expand its telecommunications infrastructure across multiple European markets.
Digi Romania, a subsidiary of DIGI, along with the parent company and Digi Spain Telecom, acted as guarantors in these agreements. The first is a Syndication and Amendment Agreement to the original Facility Agreement with ING Bank N.V., increasing the commitment from €150 million to €220 million with a five-year maturity period. This agreement also introduces a group of new lenders, including Banca Transilvania, BRD – Groupe Société Générale, Citibank Europe, ING Bank Amsterdam – Bucharest Branch, Banca Comerciala Intesa Sanpaolo Romania, Raiffeisen Bank, and UniCredit Bank.
The second agreement is an Export Credit Facility worth €61.9 million, arranged with ING Bank N.V., to finance the purchase of goods and services essential for developing Digi’s telecommunications networks in Romania, Spain, Portugal, and Belgium.
These agreements underscore DIGI’s strategic commitment to strengthening its market presence and investing in cutting-edge infrastructure.
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.
BUCHAREST, Romania, 26-Jun-2024 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”), one of the leading European telecommunications companies, listed on the Bucharest Stock Exchange,The Company would like to inform the market and its investors that today, Tuesday, 25 June 2024, at 2:00 PM CET, at the offices of Freshfields Bruckhaus Deringer LLP (Amsterdam Office), Strawinskylaan 10, 1077 XZ Amsterdam, the Netherlands, the Company’s general shareholders’ meeting (the GSM) took place with respect to which the Company informed its shareholders and the market through the Convocation notice released on 13 May 2024 (the Convocation Notice).
The GSM was attended by shareholders representing 82,72% of the total number of shares with voting rights, respectively 78,794,760 shares.
Following the debates, the GSM has adopted the following decisions regarding the points included on the agenda, representing voting items, in accordance with the Convocation Notice:
2. Annual Report 2023
c. Adoption of the 2023 Annual Accounts;
d. Distribution of dividend – based on the approval, the Company will distribute a gross dividend of 1.25 RON per outstanding share (both Class A Shares and Class B Shares equally). The listed Class B shares will be quoted ex-dividend from 3 July 2024 and the record date for the dividend shall be 4 July 2024. It is expected that the dividend will be paid on or around 22 July 2024.
e. Release from liability of the members of Board of Directors;
3. Implementation of the Remuneration Policy and the Remuneration Report for the year 2023
a. The Remuneration Report for the year 2023 (advisory, non-binding vote);
b. The revised Remuneration Policy of the Board of Directors;
4. Appointment of KPMG N.V. as the statutory auditor of the Company for the financial year 2024
6. Designation of the Board of Directors as the competent body to repurchase own class B Shares
Based on this approval, the Board of Directors has the authority to acquire class B shares in the share capital of the Company through purchases effected on the stock exchange via trading on the regular market on which the class B shares are listed and/or through other means (including public tender offers), for a period of 18 months from June 26, 2024 up to and including 24 December 2025, in compliance with the applicable law, subject to the following conditions:
• The authority of the Board of Directors shall be limited to a maximum number of 3,000,000 class B shares;
• Transactions effected on the stock exchange via trading on the regular market on which the class B shares are listed will be subject to a maximum price per class B share equal to the average of the highest price on each of the five trading days prior to the date of acquisition, as shown in the Official Price List of the Bucharest Stock Exchange plus 10% (maximum price) and to a minimum price per class B share equal to the average of the lowest price on each of the five trading days prior to the date of acquisition, as shown in the Official Price List of Bucharest Stock Exchange minus 10% (minimum price);
• Transactions effected through other means (including public tender offers) will be subject to a maximum price per class B share of RON 65 (maximum price) and a minimum price of no less than RON 35 (minimum price).
Any buy-back of shares will be conducted by way of a share buy-back program in line with applicable EU rules. The launch of such program and the determination of its terms and conditions is subject to a decision of the Board of Directors. The Board of Directors intends to appoint an independent specialized trading / brokerage firm to execute any such buyback. Further, any buy-back program may be suspended, discontinued, or modified at any time for any reason and without previous notice in the Company’s sole discretion in accordance with applicable laws and regulations. Neither the authorization requested, nor the subsequent launch of any share buy-back program obligates the Company to buy-back any class B shares.
7. Appointment of the members of the Board of Directors
a. Re-appointment of Mr. Serghei Bulgac as Executive Director of the Board of Directors;
b. Re-appointment of Mr. Valentin Popoviciu as Executive Director of the Board of Directors;
c. Re-appointment of Mr. Zoltan Teszari as Non-Executive Director and President of the Board of Directors;
d. Re-appointment of Mr. Marius Catalin Varzaru as Non-Executive Director and Vice-president of the Board of Directors;
e. Re-appointment of Mr. Bogdan Ciobotaru as Non-Executive Director of the Board of Directors;
f. Re-appointment of Mr. Emil Jugaru as Non-Executive Director of the Board of Directors;
g. Appointment of Mr. Jose Manuel Arnaiz de Castro as Non-Executive Director of the Board of Directors.
8. Approval of award of stock options to directors
The Board of Directors is authorized to decide upon the award stock options to acquire class B shares in the capital of the Company to executive directors subject to the criteria of the Company’s Share Option Plan (the details of which can be found on the Company’s corporate website www.digi-communications.ro).
Additionally, the Company wishes to inform the shareholders and investors that the 2023 approved Annual Report is also available on the Company’s website and can be consulted HERE.
We are an 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.
Digi Hungary is a leading telecommunications service provider in Hungary, with 23 years of experience and a broad service portfolio covering cable TV, fixed internet and data, mobile telecommunication services, fixed-line telephony and Direct To Home (DTH) services. It serves more than 1.1 million subscribers nationwide and has over 2.5 million Revenue Generating Units (RGUs) as of 31 December 2020.
In 2020, Group’s consolidated sales revenue in Hungary was HUF 70 billion (approx. EUR 200 million) and its adjusted EBITDA reached HUF 19 billion (approx. EUR 54 million).
4iG Plc. is one of the leading companies of the Hungarian IT and ICT market, plays a leading role in Hungary’s knowledge-based digital economy. 4iG has been present in the field of industry and industry-independent innovative technologies for more than 25 years.
