The Romanian Competition Council has recently approved the acquisition of Telekom Romania Mobile Communications by both Vodafone Romania and Digi Romania. The companies involved will now look to finalise the binding terms of the transaction. More details will be provided in due course.
Subject to the deal completing, Vodafone will acquire Telekom Romania, respectively a significant proportion of its assets including all employees, postpaid customers, business clients, retail network and technical network infrastructure. Digi Romania will acquire the company’s prepaid business and customers, as well as other certain assets.
“We welcome the decision of the Competition Council to approve this transaction, which represents a landmark moment for the development of the local telecommunications market. Vodafone has been present in Romania for the past 28 years and the approval of this transaction will enable us to strengthen our position in a competitive market, reconfirming our promise to continue to invest in providing world class connectivity to Romanians. Our vision is to support consolidating Romania’s position in Europe through innovation, digitalisation and technology”, stated Nedim Baytorun, CEO of Vodafone Romania.
