New set of buyers for OTE’s Romania arm

Athens-listed OTE telecom group is heading toward the sale of Telekom Romania Mobile, its 100% owned Romanian mobile telephony subsidiary, with a new composition of buyers.

As announced on Thursday, Digi Romania and Vodafone Romania are together the leading candidates for the acquisition of Telekom Romania Mobile (TKRM). This is after the departure of the owner of the media group Clever Media Network, Adrian Tomsa, with whom OTE had signed a memorandum of cooperation in November 2023, from the planned transaction. 

The exact structure of the scheme of buyers has not become known yet. However, if the Romanian authorities approve the deal, it is estimated that rivals Digi Romania and Vodafone Romania will share different assets of OTE's subsidiary in Romania, where Babis Mazarakis is the CEO. It is noted that Digi Romania participated in the previous scheme of investors...