Market News


Digi Communications N.V. - DIGI

Decision regarding the participation of Digi to the spectrum tender in Hungary

Release Date: 9/13/2019 7:54:21 PM

IRIS Code: DFED7

 

To:

The Romanian Financial Supervisory Authority

Financial Instruments and Investments Sector

 

The Bucharest Stock Exchange

Regulated Spot Market, Category Int’l (Shares)

From

DIGI COMMUNICATIONS N.V.

CURRENT REPORT

pursuant to Law no. 24/2017 on issuers of financial instruments and market operations and to the Romanian Financial Supervisory Authority Regulation no. 5/2018 on issuers and operations with securities, as subsequently amended and supplemented and the provisions of Article 99 of the Bucharest Stock Exchange Code, Title II, Issuers and Financial Instruments

Report date:

 13 September 2019

Name of the issuing entity:

DIGI COMMUNICATIONS N.V. (the “Company”)

Statutory seat:

Amsterdam, The Netherlands

Visiting address:

Bucharest, 75 Dr. N. Staicovici, Forum 2000 Building, Phase I, 4th floor, 5th District, Romania

Phone/Fax number:

+4031.400.65.05/ +4031.400.65.06

Registration number with The Netherlands Chamber of Commerce Business Register and Dutch Legal Entities and Partnerships Identification Number (RSIN):

Registration number with The Netherlands Chamber of Commerce Business Register: 34132532/29.03.2000

RSIN: 808800322

Romanian Tax Registration Code:

RO 37449310

Share Capital:

EUR 6,810,042.52

Number of shares in issue:

100,000,000 (out of which (i) 64,556,028 class A shares with a nominal value of ten eurocents (€ 0.10) each and (ii) 35,443,972 class B shares, with a nominal value of one eurocent (€ 0.01) each)

Number of listed shares:

35,443,972 class B shares

Regulated market on which the issued securities are traded:

Bucharest Stock Exchange, Main Segment, Category Int’l (Shares)

Important events to be reported: Decision regarding the participation to the auction procedure related to wireless broadband services supporting the introduction of 5G in Hungary

 

The Company would like to inform its investors and the market on the decision of rejection issued on September 13 by the Hungarian Media and Informations Authority (”NMHH”), in respect to the participation of the Company in the tender related to wireless broadband services supporting the introduction of 5G in Hungary. The Company took part in this procedure in order to develop the mobile communications activity on the Hungarian market.  

The Company considers NMHH’s decision unfair and without legal grounds. In our view, NMHH decision exceeds the provisions of the tender documentation and is based on assumptions and future projections instead of facts and documented analyses. This decision continues a list of other unfavorable and controversial resolutions taken by NMHH in the past, related to Digi Group companies during previous radiofrequencies tenders.

The Company will challenge this decision, by all means, according to the Hungarian and European law. The Group is determined to continue the execution of its projects on Hungarian market in the best interest of its customers.

Serghei Bulgac

Chief Executive Officer

 



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