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ATHENS - Hellenic Telecommunications Organization S.A. (OTE) announced on Wednesday the completion of its sale of Telekom Romania Mobile Communications (TKRM) to Vodafone Romania, in a transaction with a combined enterprise value of €70 million.
The deal involves the disposal of OTE’s 100% stake in TKRM, minus seven shares held by S.N Radiocommunicatii. As part of the agreement, TKRM’s prepaid business, certain spectrum rights, and a portion of its tower portfolio will be transferred to Digi Romania.
According to the press release statement, the net consideration after adjustments at completion, including net debt, working capital, and other costs and expenses, amounted to approximately €40 million. OTE plans to distribute these proceeds to its shareholders.
The Greek telecommunications company will announce details regarding the extraordinary shareholder remuneration during its third-quarter results presentation scheduled for November 13, 2025. The distribution remains subject to approval from the required corporate bodies.
The transaction marks OTE’s exit from the Romanian mobile communications market as the company continues to adjust its portfolio of assets.
The announcement was issued as regulated information in accordance with Greek Law 3556/2007 and European Parliament Regulation 596/2014 on market abuse.
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