REG - Hellenic Telecomms - Announcement of regulated information

Hellenic Telecommunications Organization SAAnnouncement

28/05/2024 07:00

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RNS Number : 9554P  Hellenic Telecomms Organization S A  27 May 2024

 

Regulated Information

Athens, May 27, 2024 - Hellenic Telecommunications Organization S.A. ("OTE
S.A." or the "Company"), following its announcement on 21 November 2023
regarding the potential disposal of its 100% subsidiary Telekom Romania Mobile
("TKRM"), announces that the negotiations now progress with a new purchaser
group, West Network Invest S.R.L.

West Network Invest S.R.L is an investment vehicle, majority owned by Digi
Romania S.A ("Digi") and minority owned by Clever Media group. Digi is a
member of DIGI Communications group, a leading telecommunications company,
with presence in Romania, Spain, Italy, Portugal and Belgium.

The parties have signed a Memorandum of Understanding and are in the process
to file for approval with the Romanian competent authorities. Completion of
the transaction is subject to customary processes and approvals, including the
completion of due diligence, regulatory approvals and the signing of the
transaction documentation.

In conformity with all applicable legislation and regulation, the Company will
make all necessary announcements to the investor community if and when
relevant.

 

The announcement is issued as Regulated Information in accordance with the
provisions of Law 3556/2007 [article 3, par. 1 (p), and article 21] and
Regulation 596/2014 (article 17) of the European Parliament and of the Council
on the abuse of the market.

 

 

 

FOR FURTHER INFORMATION:

OTE GROUP INVESTOR RELATIONS

Tel. +30 210-6118190, +30 210-6117364

E-mail: iroffice@ote.gr (mailto:iroffice@ote.gr)

 

 

 

 

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