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OTE’s Sale of Telekom Romania Mobile Approved by Competition Council

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OTE’s Sale of Telekom Romania Mobile Approved by Competition Council

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Hellenic Telecom Organization SA ( (HLTOY) ) just unveiled an announcement.

Hellenic Telecommunications Organization S.A. announced the Romanian Competition Council’s approval for the sale of Telekom Romania Mobile Communications. The transaction involves selling certain assets to Digi and the remaining shares to Vodafone Romania, with completion expected in the third quarter of 2025, pending further regulatory approvals.

More about Hellenic Telecom Organization SA

Hellenic Telecommunications Organization S.A. (OTE) operates in the telecommunications industry, providing a range of services including mobile and fixed-line telephony, broadband, and television services. The company primarily focuses on the Greek market but also has operations in other countries, including Romania.

For a thorough assessment of HLTOY stock, go to TipRanks’ Stock Analysis page.

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