Tag Archives: Digi Spain

Digi Romania Completes Full Redemption of 2025 Bonds

BUCHAREST, Romania, 30-Sep-2024 — /EuropaWire/ — Digi Communications N.V. (“DIGI”), a major European telecommunications company listed on the Bucharest Stock Exchange, has successfully completed the full redemption of its €450 million Senior Secured Notes. The redemption was finalized on 27 September 2024, following an earlier announcement made on 16 September 2024, which outlined the company’s intention and fulfillment of the necessary financial conditions. The notes, carrying a 2.5% interest rate and originally set to mature in 2025, were fully redeemed by Digi Romania S.A., the company’s Romanian subsidiary.

About Digi Communications N.V.

Digi Communications N.V. is a leading European telecommunications provider, with a significant presence in Romania and Spain, and operations in Italy, Portugal, and Belgium. The company is a top player in delivering telecommunication services, offering innovative solutions across its targeted geographic markets.

SOURCE: EuropaWire

Digi Romania Exercises Early Redemption of 2025 Bonds

BUCHAREST, Romania, 16-Sep-2024 — /EuropaWire/ — Digi Communications N.V., a prominent European telecommunications provider, has announced that its Romanian subsidiary, Digi Romania S.A., will redeem the entirety of its outstanding €450 million 2.50% Senior Secured Notes, set to mature in 2025. The full redemption, scheduled for September 27, 2024, will involve paying noteholders the principal amount along with accrued interest up to the redemption date. This move marks an important financial milestone for Digi Communications as it continues to strengthen its financial position.

The company has outlined that noteholders must be recorded by September 26, 2024, to be eligible for the redemption payout. Citibank N.A., London Branch, will act as the Paying Agent to facilitate the process, with interest on the Notes ceasing to accrue after the redemption date unless the issuer defaults on the payment. Digi Communications has already fulfilled the financing conditions required for this redemption, ensuring a smooth process for all stakeholders.

Digi Communications, a major player in the telecom industry, offers services primarily in Romania and Spain, with expanding operations across Italy, Portugal, and Belgium. This latest financial development underscores the company’s robust growth and operational stability in the European telecom sector.

SOURCE: EuropaWire

Digi Communications Completes Initial Phase of Major FTTH Network Sale in Spain

BUCHAREST, Romania, 6-Sep-2024 — /EuropaWire/ — Digi Communications N.V. (“DIGI”), a prominent European telecommunications provider, today announced the successful completion of the first phase of its Fibre-to-the-Home (FTTH) network sale in Spain. This milestone marks a significant step in the transaction between Digi Spain Telecom S.L.U. and Sota Investments Spain OpCo, S.L.U., a consortium led by Macquarie Capital, abrdn, and Arjun Infrastructure Partners.

The transaction, initiated with an asset purchase agreement signed on April 4, 2024, involves the sale of an extensive FTTH network across 12 Spanish provinces. The initial delivery encompasses 4,412,500 homes passed, with the full network development expected to extend over the next three years, eventually covering an additional 1,587,500 homes.

In addition to the network sale, Digi Spain and Sota Investments Spain OpCo, S.L.U. have finalized a long-term wholesale bitstream services agreement. Under this arrangement, Sota Investments will offer Digi Spain wholesale access bitstream services for an initial term of 25 years. Simultaneously, Digi Spain will provide operation and maintenance services, along with other technical support for the network over the same period.

This strategic move aligns with Digi Communications’ commitment to expanding its telecommunications infrastructure and enhancing service delivery across Europe.

SOURCE: EuropaWire

APPROVAL OF STOCK OPTIONS FOR EXECUTIVE DIRECTORS AT DIGI COMMUNICATIONS’ SHAREHOLDERS’ MEETING

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;

4Appointment 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).

The voting results of the GSM, as well as other relevant information on the GSM and the related documents are available on the Company’s website at the section dedicated to the 2024 GSM: https://www.digi-communications.ro/en/corporate/general-share-holders/digi-communications-n-v-gsm-2024

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.

For additional information, please contact us at investor.relations@digi-communications.ro

About Digi Communications N.V.

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.

SOURCE: EuropaWire

Sota Investments Spain OpCo takes over Digi Spain Telecom’s FTTH network in Spain

BUCHAREST, Romania, 5-Apr-2024 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) informs the market that on 4 April 2024, Digi Spain concluded an asset sale and purchase agreement with Sota Investments Spain OpCo, S.L.U., a company controlled by a consortium comprising Macquarie Capital, abrdn and Arjun Infrastructure Partners, leading international infrastructure investors, for the sale by DIGI Spain of a FTTH network in 12 provinces across the regions of Madrid, Segovia, Avila, Castilla-La Mancha, Comunidad Valenciana and Murcia, Spain (the “Network”), for a consideration of up to EUR 750,000,000. The Network currently comprises approximately 4,250,000 homes passed, with the aim of comprising a total of 6,000,000 homes passed. The deployment of the rest of the Network will be carried out gradually, over an estimated period of three (3) years.

The transaction is subject to closing conditions, such as foreign direct investment clearance and economic concentration merger control.

About Digi Communications N.V.

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.

SOURCE: EuropaWire

Digi Spain and abrdn sign EUR 300m investment agreement for the expansion of FTTH network in Spain

BUCHAREST, Romania, 22-Mar-2023 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces the conclusion on 21 March 2023 by Digi Spain of an investment agreement with abrdn for financing the roll out of a FTTH network in the provinces of Almería, Cádiz, Córdoba, Granada, Huelva, Málaga and Sevilla.

As part of its expansion strategy in Spain, Digi Spain is in the process of deploying a FTTH network with the aim of covering up to 2,500,000 homes passed in 124 municipalities in Spain (the “Network”). While the deployment of a part of the Network covering approximately 1,000,000 homes passed is almost complete, the deployment of the rest of the Network covering up to 1,500,000 homes passed will be carried out gradually, over an estimated period of three (3) years.

The deployment of the Network implies an investment amount of up to EUR 300,000,000, which will be committed in substantially equal parts by Digi Spain and abrdn, potentially also involving bank financing. The transaction is concluded with Aberdeen Standard Core Infrastructure III SC Sp., a fund managed by abrdn currently fundraising and investing in the pan-European infrastructure mid-market and is subject to conditions who have to be fulfilled for completion.

About Digi Communications NV

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

Digi Communications NV: Digi Spain extends Spanish MVNO Agreement

BUCHAREST, Romania, 9-Oct-2020 — /EPR FINANCIAL NEWS/ — DIGI COMMUNICATIONS N.V.  (BVB: DIGI) (The Company) would like to inform its investors and the market that on October, 8 the Company’s subsidiary from Spain (Digi Spain) and Telefonica Moviles España, S.A. (TME) agreed to extend the duration of the agreement regarding Digi Spain’s access to TME’s radio spectrum and mobile communication network and infrastructure (“The Spanish MVNO Agreement”) until September 30, 2026.

About Digi Communications NV

Digi is the parent holding company of RCS & RDS, a leading provider of pay TV and telecommunications services in Romania and Hungary. In addition, RCS & RDS provides mobile services as an MVNO to the large Romanian communities living in Spain and Italy, and in Spain it also provides fixed internet and data and fixed-line telephony services.

SOURCE: EuropaWire