The transactions, expected to close in early October, will see Vodafone take over TKRM's postpaid and business segments, including employees, the retail network, and network infrastructure. The value of the assets Vodafone is acquiring is €30 million.
In a parallel and interdependent deal, DIGI Romania has acquired certain assets from TKRM, including specific spectrum licenses, telecommunications towers, and the entire prepaid mobile services business, for €40 million.
Digi Communications has announced a major refinancing move through its Romanian subsidiary, Digi Romania.
Vodafone Romania has completed the acquisition of Telekom Romania Mobile Communications.
The Romanian Competition Council has conditionally approved the acquisition of Telekom Romania Mobile Communications by Vodafone Romania and Digi Romania, with companies now set to finalize the binding terms of the transaction.
Vodafone Romania, in partnership with the National University of Science and Technology Politehnica Bucharest and Fifth Ingenium, has started the implementation of the 5G-ENRICH project.
Public telecom company Digi Communications has secured substantial financing facilities to bolster its operations.
The National Company for Road Infrastructure Administration (CNAIR) has announced that Vodafone Romania has won the contract for implementing the electronic road toll system.
Romanian e-commerce giant eMAG is gearing up for its 15th annual Black Friday event on November 7, which the company expects to set new records for the online commerce industry.
BT and the Investment and Development Bank (BID) have concluded an agreement to support the development of investment projects intended for infrastructure and local communities.
SMEs enjoy the highest level of confidence among Romanian consumers, according to a new study commissioned by Visa, a global leader in digital payments.
In October, there was a significant rise in insolvency filings, signalling mounting pressure on the business environment.
CruiseHub, part of the Aerotravel group, has become the first travel agency in Romania to organise an expedition-type group cruise to Antarctica.
