Romania’s Digi Communications gets permit to buy Portugal’s fourth-largest telco
<p>The telecommunications group Digi Communications (BVB: DIGI) has received from the Portuguese regulator the green light to buy the local company Carbonitel, the owner of the fourth-largest mobile and fixed telecommunications operator in the country Nowo Communications, from LORCA JVCO, according to a note to investors published at the Bucharest Stock Exchange.</p>

<p>The Portuguese branch of the Digi group, DIGI Portugal, concluded on August 1, 2024, a share purchase agreement with LORCA JVCO Limited for the purchase of 100% of the shares issued by Cabonitel at a valuation of EUR 150 million subject to customary adjustments and certain contingent events.</p>

<p>Nowo has around 270,000 mobile telephony clients and around 130,000 fixed telecommunications clients.&nbsp;</p>

<p>Nowo also holds spectrum licences in 1800 MHz, 2600 MHz, and 3600 MHz frequency bands.</p>

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

<p><em>(Photo source: Digi)</em></p>