Get real time updates directly on you device, subscribe now.
The telecommunications operator Digi has signed a 150 million euro purchase agreement with the British Lorca JVCO for Nowo Communications, the fourth largest mobile and fixed telecommunications operator in Portugal, according to an announcement at the Bucharest Stock Exchange.
Nowo Communications has 270,000 mobile and 130,000 fixed-line customers. Nowo also holds spectrum licenses in the 1800 Mhz, 2600 MHz and 3600 MHz frequency bands.
Completion of the transaction is subject to obtaining competition approval. Digi announced earlier this year that it would launch operations in Portugal later this year. The operator is present on three more markets besides the one in Romania, namely in Spain, Belgium and Italy.
DONATE: Support our work
In an ever changing and challenging world, the media is constantly struggling to resist. Romania Journal makes no exception. We’ve been informing you, our readers, for almost 10 years, as extensively as we can, but, as we reject any state funding and private advertising is scarce, we need your help to keep on going.So, if you enjoy our work, you can contribute to endorse the Romania Journal team. Any amount is welcome, no strings attached. Choose to join with one of the following options:
Donate with PayPal
Donate by Bank Wire
Black Zonure SRLUniCredit Bank. Swift: BACXROBU
RON: RO84 BACX 0000 0022 3589 1000
EURO: RO57 BACX 0000 0022 3589 1001
USD: RO30 BACX 0000 0022 3589 1002