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OTE Telecom in talks with West Network on its Romanian mobile business sale

OTE Telecom, Greece’s biggest telecoms operator, is in talks with West Network Invest for the potential sale of its Romanian mobile business, Telekom Romania Mobile, it said late on Monday.

Majority owned and managed by Deutsche Telekom, OTE said it has signed a memorandum of understanding with West Network Invest, majority owned by Digi Romania.

The two companies are in the process of filing for approval by the Romanian competent authorities.

Digi is part of telecoms group DIGI Communications, which has operations in Romania, Spain, Italy, Portugal and Belgium.

Completion of the transaction is subject to customary processes and approvals, OTE said in a bourse filing. Reuters

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