Operators

OTE Group signs MoU to offload Telekom Romania

OTE Group signs MoU to offload Telekom Romania

Greek operator OTE Group inked an agreement to sell its Romanian mobile unit to Digi Communications.

In a stock market announcement, the Deutsche Telekom-owned operator will sell Telekom Romania to West Network Invest, an investment vehicle majority-owned by Digi and minority-owned by Clever Media Group.

Regulatory approval is currently being sought which is subject to various closing conditions.

OTE announced plans to offload its Romanian mobile asset half a year ago. Last year the company announced it had found a buyer but it failed to materialise. 

Telekom Romania is the fourth largest player in the market with a total base of 3.8 million units in its 2023 financial year, down YoY from 4.16 million. Total revenues  stood at €77.5mn in Q4, up 6.2% YoY.



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