Vox Markets Logo

Vodafone inks deal to potentially acquire Romania Telekom Mobile

10:58, 31st October 2024
Vox News
Company News
TwitterFacebookLinkedIn

Image: Jackie Davies - stock.adobe.com

Vodafone Group plc   Follow | VOD announced on Thursday that its Vodafone Romania subsidiary and Digi Romania have signed a memorandum of understanding (MoU) with the Hellenic Telecommunications Organization (OTE) concerning a potential acquisition of parts of Telekom Romania Mobile.
The FTSE 100 telecoms giant said that under the proposed arrangement, Vodafone would acquire the majority of Telekom Romania, including a substantial portion of its assets, while Digi would secure specific assets from the company.

It said the agreement was in its preliminary stages, with further due diligence required before any formal transaction could proceed.

At 0947 GMT, shares in Vodafone Group were down 0.91% at 71.7p.

Reporting by Josh White for Sharecast.com.

Stock Chart | VOD
TwitterFacebookLinkedIn

Disclaimer & Declaration of Interest

The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

Watchlist