God News 😁31 Oct 2024 07:36
POTENTIAL TELEKOM ROMANIA ACQUISITION, MOU SIGNED
Vodafone Romania S.A ("Vodafone") and Digi Romania S.A ("Digi") have today signed a Memorandum of Understanding (MoU) with Hellenic Telecommunications Organization S.A. ("OTE") in relation to potentially acquiring separate parts of its 100% subsidiary Telekom Romania Mobile Communications S.A ("TKRM" or the "Company").
Under the terms of the MoU, Vodafone could potentially acquire the Company, including a significant proportion of its assets, while Digi could also acquire certain assets of TKRM.
The parties still need to complete detailed due diligence and discussions remain at an early stage. There is no certainty that a transaction will be agreed.