Announcement of Regulated Information
Athens, October 31, 2024 - Hellenic Telecommunications Organization S.A. ("OTE"), following its announcement on 27 May 2024 regarding the potential disposal of its shareholding in Telekom Romania Mobile ("TKRM", or the "Company"), announces that, following the decision of Mr. Adrian Tomsa to withdraw, OTE has entered into negotiations for the sale of TKRM with Digi Romania S.A ("Digi") and Vodafone Romania S.A. ("Vodafone").
The parties have signed a Memorandum of Understanding (MoU) and are in the process of filing for approval with the Romanian competent authorities (RCC, FDI, ANCOM). The MoU provides that certain assets of TKRM would be acquired by Digi, while remaining assets and the Company would be acquired by Vodafone Romania.
Completion of the transaction is subject to the signing of a Share Purchase Agreement and transaction documentation, as well as obtaining regulatory approvals.
In conformity with all applicable legislation and regulation, OTE will make all necessary announcements to the investor community as appropriate.
The announcement is issued as Regulated Information in accordance with the provisions of Law 3556/2007 [article 3, par. 1 (p), and article 21] and Regulation 596/2014 (article 17) of the European Parliament and of the Council on the abuse of the market.
FOR FURTHER INFORMATION:
OTE GROUP INVESTOR RELATIONS
Tel. +30 210-6118190, +30 210-6117364
E-mail: iroffice@ote.gr
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.