OTE Telecom in talks with West Network on its Romanian mobile business sale

Hellenic Telecommunications Organization SA

28/05/2024 09:04

ATHENS, May 28 (Reuters) - OTE Telecom  OTEr.AT ,
Greece's biggest telecoms operator, is in talks with West
Network Invest for the potential sale of its Romanian mobile
business, Telekom Romania Mobile, it said late on Monday.
    Majority owned and managed by Deutsche Telekom  DTEGn.DE ,
OTE said it has signed a memorandum of understanding with West
Network Invest, majority owned by Digi Romania.
    The two companies are in the process of filing for approval
by the Romanian competent authorities.
    Digi is part of telecoms group DIGI Communications, which
has operations in Romania, Spain, Italy, Portugal and Belgium.
    Completion of the transaction is subject to customary
processes and approvals, OTE said in a bourse filing.

 (Reporting by Angeliki Koutantou; Editing by Sriraj Kalluvila)
 ((angeliki.koutantou@thomsonreuters.com; +30 2102214608;
Reuters Messaging: angeliki.koutantou.reuters.com@reuters.net))