OTE has finalized the sale of its 100% stake in Telekom Romania Mobile Communications to Vodafone and Digi for €70 million as part of its strategy to optimize operations and enhance corporate value.

Information on the Target

Telekom Romania Mobile Communications (TKRM) is a prominent telecommunications company in Romania, owned by Hellenic Telecommunications Organization S.A. (OTE). OTE has decided to divest its 100% stake in TKRM, transferring the prepaid business, certain frequency rights, and a portion of its tower portfolio to Digi Romania S.A., while selling the remaining stake to Vodafone Romania S.A. This divestiture is strategically significant as it allows OTE to streamline its operations and focus on enhancing corporate value.

The move follows the approval granted by the Romanian Competition Authority in July 2025, indicating a favorable regulatory environment for the transaction. The total value of the deal is estimated at €70 million, subject to customary adjustments at closing, such as net debt and working capital considerations.

Industry Overview in Romania

The telecommunications industry in Romania has undergone significant transformation in recent years, characterized by increased investment in infrastructure and services enabled by advancements in technology. Romania boasts one of the fastest internet spe