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6-K: Potential Telekom Romania Acquisition, Mou Signed

SEC ·  Oct 31, 2024 19:31

Summary by Futu AI

Vodafone Romania and Digi Romania have signed a Memorandum of Understanding (MoU) with Hellenic Telecommunications Organization (OTE) on October 31, 2024, regarding the potential acquisition of separate parts of OTE's wholly-owned subsidiary Telekom Romania Mobile Communications (TKRM).Under the proposed arrangement, Vodafone could acquire TKRM including a significant portion of its assets, while Digi could acquire certain TKRM assets. However, the discussions are still in early stages, with detailed due diligence yet to be completed, and there is no certainty that a transaction will be finalized.
Vodafone Romania and Digi Romania have signed a Memorandum of Understanding (MoU) with Hellenic Telecommunications Organization (OTE) on October 31, 2024, regarding the potential acquisition of separate parts of OTE's wholly-owned subsidiary Telekom Romania Mobile Communications (TKRM).Under the proposed arrangement, Vodafone could acquire TKRM including a significant portion of its assets, while Digi could acquire certain TKRM assets. However, the discussions are still in early stages, with detailed due diligence yet to be completed, and there is no certainty that a transaction will be finalized.

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