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Digi Communications N.V. reports significant growth across multiple markets in its Q3 2024 financial results

BUCHAREST, Romania, 15-Nov-2024 — /EuropaWire/ — Digi Communications N.V., a prominent European telecommunications provider listed on the Bucharest Stock Exchange, has announced the release of its Q3 2024 financial results. The report highlights strong growth, with consolidated revenues of €1.414 billion in the first nine months of 2024, a 13% increase compared to the same period in 2023. Adjusted EBITDA, excluding the impact of IFRS 16, rose by 18.4% year-on-year to €435.4 million, driven by the expansion of the customer base across multiple markets.

In Q3 2024 alone, the company achieved revenues of €492.5 million, a 13.6% year-on-year increase. The quarter’s adjusted EBITDA reached €150.8 million, reflecting a 16.6% growth compared to Q3 2023. The total number of revenue-generating units (RGUs) surpassed 26 million by the end of September 2024, marking a 13.5% year-on-year increase across Romania, Spain, and Italy.

Romania remains a cornerstone of Digi’s operations, with RGUs growing by 7.4% year-on-year to 17.9 million, led by mobile services, which grew by 13.7% to 6.4 million RGUs. In Spain, the company recorded a 30% increase in RGUs, reaching 7.9 million, with broadband services showing a remarkable 45.7% growth. Italy also saw positive momentum, with mobile RGUs growing by 16.1% year-on-year.

The company expanded its footprint in Portugal with the launch of commercial operations in November 2024, offering a full suite of telecommunication services, including fiber broadband, mobile voice and data, television, and fixed telephony. Digi’s modern infrastructure in Portugal already covers 93% of the population, with plans for continued network expansion. Additionally, Digi announced plans to introduce services in Belgium.

Serghei Bulgac, CEO of Digi Communications, highlighted the company’s achievements, stating, “2024 is proving transformative for Digi Communications, driven by strategic growth in established markets and successful expansion into new territories like Portugal. Our focus on organic growth and strategic acquisitions has solidified our position as a leader in delivering innovative and affordable telecom solutions across Europe.”

This performance underscores Digi Communications’ strategy to combine customer-focused service expansion with advanced infrastructure development, positioning it as a key player in the European telecommunications sector. For more information, visit the company’s website or contact investor relations at investor.relations@digi-communications.ro.

SOURCE: EuropaWire

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Digi Communications N.V. to host a conference call for its Q3 2024 financial results on Nov 14, 2024

BUCHAREST, Romania, 7-Nov-2024 — /EuropaWire/ — Digi Communications N.V. (“Digi”) will host a conference call on November 14, 2024, at 14:00 UK time / 16:00 EEST (Romanian local time) to discuss its Q3 2024 financial results. The company plans to release its unaudited financial results earlier that day at 08:00 EEST.

The conference call, held in English, will be led by Digi’s CEO, Serghei Bulgac, and CFO, Dan Ionita. Interested stakeholders are encouraged to pre-register for the call by visiting Digi’s investor relations page at the link below. Pre-registration will remain open until 12:00 UK time / 14:00 EEST on November 14.

About Digi Communications N.V.

Digi is a prominent European telecommunications provider, specializing in geographically-focused solutions with a strong presence in Romania and Spain, and expanding services in Italy, Portugal, and Belgium.

SOURCE: EuropaWire

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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

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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

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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

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Hungary: 4iG Plc. to acquire DIGI Távközlési Szolgáltató Ltd.

BUDAPEST, Hungary, 29-Mar-2021 — /EPR FINANCIAL NEWS/ — Digi Communications NV (The Company) would like to inform its investors and the market that on March 29, 2021 the Company’s Romanian subsidiary and 4iG Plc. (4iG Plc.) one of the leading companies of the Hungarian IT and ICT market, entered into a preliminary, non-binding agreement regarding the acquisition of DIGI Távközlési Szolgáltató Ltd. (Digi Hungary) and its subsidiaries, Invitel Ltd. and I TV Ltd. Pursuant to the understanding of the parties, 4iG would acquire a 100 percent stake in Hungary’s leading telecommunications and media service group. The acquisition is aimed to be completed by September 2021, subject to due diligence of Digi Hungary and its subsidiaries, the signing of a sale and purchase agreement, and the necessary competition authority approvals.

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.

SOURCE: EuropaWire