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ATHENS - The Romanian Competition Council (RCC) has approved Hellenic Telecommunications Organization S.A.’s (OTE) plan to sell Telekom Romania Mobile Communications (TKRM), according to a press release statement issued Tuesday.
The transaction will be executed in two parts. First, certain TKRM assets will be sold to Digi, including the prepaid customer business segment, specific spectrum rights, and a portion of the tower portfolio. Second, OTE will sell TKRM’s shares, representing nearly the entire share capital except for seven shares held by S.N. Radiocommunicatii, to Vodafone (NASDAQ:VOD) Romania.
The deal’s completion remains contingent on finalizing documentation between the involved parties and securing approval from ANCOM, Romania’s telecommunications regulator. OTE expects the transaction to conclude within the third quarter of 2025.
OTE released this information as regulated disclosure in accordance with Law 3556/2007 and European Parliament Regulation 596/2014 on market abuse.
The announcement represents another significant telecommunications market consolidation in Eastern Europe, with assets being divided between two major operators in the Romanian market.
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