Romania’s Digi group borrows 150 mln euro - report

The loan will help the Digi Group , Bucharest-based daily Bursa reported.

“Funding is an important benchmark for Digi, and the attractive terms of the transaction highlight Digi’s high creditworthiness as well as their external shock-resistant business model,” Bucharest-based daily Bursa quoted Andrei Dobre, director of telecom, media & technology at ING Bank N.V. Amsterdam, as saying.

ING has granted Digi credit facilities worth approximately 3 billion euro over the last ten years.

On June 21, Romania’s competition authority said that it is looking into the agreed takeover of Telekom Romania Mobile by the owner of local group Clever Media, Gheorghe Adrian Tomsa, and Digi. Tomsa will take over the company, except for several assets comprising the company’s radio network, including infrastructure and equipment, and pre-paid client contracts, which will be acquired by Digi.

In April, Digi said that its Spanish unit had concluded the sale of a Fibre to the Home (FTTH) network to a consortium comprising global financial conglomerate Macquire Capital along with asset managers abrdn and Arjun Infrastructure Partners for up to 750 million euro.

Digi provides telecommunications services in Romania, Spain, Italy, and Portugal.

Digi's shares traded 0.92% higher at 66 lei ($14.19/13.26 euro) as at 1353 CET on Thursday on the Bucharest Stock Exchange.

($=0.9347 euro)