Vodafone, Digi Romania Sign Deals to Acquire Parts of Telekom Romania
MT Newswires Live
Sep 19
Vodafone Group (VOD) said Friday that Vodafone Romania and Digi Romania have signed deals with Hellenic Telecommunications to buy separate parts of the latter's Telekom Romania Mobile Communications unit.
Under the terms, Vodafone will acquire the unit and its post-paid client base for 30 million euros ($35.3 million), while Digi Romania will acquire the pre-paid client business, the company said.
Vodafone said it anticipates completing the deal early next month.
Shares of Vodafone were up 1.1% in recent Friday premarket activity.
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