REG - Hellenic Telecomms - OTE signs binding agreements to sell TKRM

Hellenic Telecommunications Organization SAAnnouncement

19/09/2025 07:20

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RNS Number : 0382A  Hellenic Telecomms Organization S A  19 September 2025

 

OTE signs binding agreements to sell Telekom Romania Mobile Communications

Athens, September 19, 2025 - Hellenic Telecommunications Organization S.A.
("OTE") announces that it has signed binding agreements with Vodafone Romania
S.A. ("Vodafone") and Digi Romania S.A. ("Digi") for the disposal of its 100%
stake in Telekom Romania Mobile Communications ("TKRM" or the "Company")
following the approval by the Romanian Competition Commission in July 2025
("Transaction"), as follows:

·    TKRM will transfer to Digi the prepaid business, certain spectrum
rights and part of the tower portfolio.

·    OTE will sell to Vodafone its entire stake in TKRM, (100% minus 7
shares held by S.N. Radiocommunicatii), and excluding the above assets
transferred to Digi.

The combined enterprise value amounts to €70m and is subject to customary
adjustments at Completion, such as net debt, working capital and other costs
& expenses/provisions ("Net Consideration"). Completion of the transaction
is expected at the beginning of October 2025.

 

Following Completion, the Net Consideration will be distributed to OTE
shareholders.

 

 

OTE's Chairman and CEO, Mr. Kostas Nebis, noted: "We are pleased to have
reached this important agreement, which is fully aligned with OTE's strategic
focus on optimizing its portfolio and enhancing shareholder value. I want to
express my gratitude to the management team and the employees of TKRM for
their dedication and achievements. The agreement with Vodafone and Digi will
facilitate infrastructure investments, enable more efficient network
development and enhance customer service, contributing to the ongoing digital
transformation of Romania's economy and society."

 

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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