Digi buys Portugal's fourth-largest mobile communications operator. €150 million transaction

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Digi Communications acquires Portugal's fourth-largest mobile communications operator, Nowo Communications. The company informed the Bucharest Stock Exchange on Friday about the acquisition agreement worth 150 million euros.

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Portuguese Digi subsidiary signs acquisition of Nowo Communications, the fourth largest mobile and fixed telecommunications operator in the country, for 150 million euros, announced on the Bucharest stock exchange. Digi acquired several radio frequencies in Portugal in the fall of 2021, but the launch of services is not expected until this year. Digi announced on Friday that "on August 1, 2024, DIGI Portugal, LDA (DIGI Portugal) signed a share p…

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As reported by the press, Romanian telecommunications operator DIGI announced a deal to buy operator Nowo for 150 million euros. In a statement to the Romanian capital market regulator, DIGI...

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After the failed purchase of Nowo by Vodafone, it is Digi, which has not yet started the operation in Portugal, that will take over the company for 150 million euros.

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Digi Communications is taking over Nowo Communications, Portugal's fourth-largest mobile and fixed telecommunications operator, in a €150 million deal.

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The Romanian operator announced the acquisition of Nowo, the fourth largest operator in the Portuguese market whose purchase by Vodafone had been rejected by the Competition Authority.