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Albania's anti-trust body clears sale of 85% stake in Digicom

Albania's anti-trust body clears sale of 85% stake in Digicom atm2003/Shutterstock.com

TIRANA (Albania), May 8 (SeeNews) – Albania's competition authority said it has approved the sale of 85% shareholding interest in Internet and data processing services provider Digicom, owned by INFO-Telecom, to local company Albanian Telecommunications Union.

INFO-Telecom and Albanian Telecommunications Union signed an agreement for the sale of majority stake in Digicom in October 2018, the competition authority said in a statement on Tuesday.

The price of the deal was not disclosed.

The remaining 15% of the shares are under the control of Albanian businessman Marin Gjonaj, according to data published in the country's business register.

INFO-Telecom and Digicom are specialized in providing internet and data transmission services including fixed-line telephony.

Albanian Telecommunications Union is specialized in development of electronic communications, including cable television and other related services.

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