Hellenic Telecommunications Organization sold its 100% stake in Telekom Romania Mobile Communications to Vodafone Romania for €70 million, including significant asset transfers.
Information on the Target
The deal involves the complete divestiture of Hellenic Telecommunications Organization S.A. (OTE) from its 100% stake, minus seven shares held by S.N. Radiocommunicatii, in Telekom Romania Mobile Communications (TKRM). This sale includes the transfer of TKRM's prepaid business segment, specific frequency rights, and a portion of its telecommunications tower portfolio to Digi Romania. The agreement marks a significant strategic shift for OTE as it exits its Romanian mobile operations, allowing it to focus on its core business areas.
Telekom Romania Mobile Communications has been a prominent player in the mobile telecommunications market, providing a variety of mobile services to its customers. The transfer of these assets is expected to streamline operations for both OTE and the acquiring entities, ultimately enhancing customer service offerings in the region.
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Industry Overview in Romania
Romania's telecommunications industry is characterized by rapid growth and increasing competition. With a robust mobile penetration rate, there is a consistent demand for innovative services ranging
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Vodafone Romania
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Disclosed details
Transaction Size: $70M
Enterprise Value: $40M
Equity Value: $40M