Telecom

British mobile group Vodafone and Bucharest-listed telcom operator Digi, said on Thursday (Oct. 31) they had signed a memorandum of understanding (MoU) with Hellenic Telecommunications Organization (OTE Group), to buy its subsidiary Telekom Romania Mobile (TKRM). Vodafone said in a filing to the London Stock Exchange that under the terms of the agreement it would buy TKRM and a “significant proportion” of

Romania-based telecommunications group Digi Communications announced its net profit doubled to EUR 54.3 million in H1 2024, on an annual basis. while consolidated revenues grew by 13% to EUR 921 million. The group’s market capitalization is now EUR 1.24 billion after the price of its shares rose 77% over the last year. This puts the annualized profit realized in H1 at 8.8%.