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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

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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

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

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

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

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