Romania's major telco Digi redeems EUR 450 mln bond
<p>The telecommunications company Digi Communications (BVB: DIGI) announced on September 30 that its Romanian subsidiary has fully redeemed the EUR 450 mln bond maturing in January 2025 and holding a 2.5% coupon, <a href="https://www.zf.ro/zf-24/bursa-digi-romania-si-a-rascumparat-integral-obligatiuni-scadente-in-22499856?mc_cid=d9b0121732&amp;mc_eid=cd1f92f96c" rel="noopener" target="_blank">Ziarul Financiar</a> reported. &nbsp;</p>

<p>In June this year, ING Bank supported Digi Romania and Digi Communications in arranging a credit facility worth EUR 150 mln for a period of 3 years to be used to repay the group's bonds.</p>

<p>In May, Digi reached an agreement to get indirect majority control of Telekom Romania Mobile – the local mobile operator and the last asset of the Greek group OTE that took over the country's incumbent telecom group, Romtelecom, in a process initiated in 1998.</p>

<p>However, the deal is still being evaluated by the Competition Council.</p>

<p><em>iulian@romania-insider.com</em></p>

<p><em>(Photo source: the company)</em></p>