Market News


Digi Communications N.V. - DIGI

The sale of DIGI Group's Hungarian operations

Release Date: 12/2/2021 8:25:11 AM

IRIS Code: 4ADF6

 

 

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:

30 November 2021

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: 4iG and the Company’s Romanian subsidiary have concluded the sale and purchase agreement for the sale of DIGI Group’s Hungarian operations

 

The Company would like to inform its investors and the market that on November 29, 2021 the Company’s Romanian subsidiary (RCS&RDS) and 4iG Plc. (4 iG Plc.) one of the leading companies of the Hungarian IT and ICT market, concluded the sale and purchase agreement regarding the the acquisition of DIGI Tavkozlesi Szolgaltato Ltd. (Digi Hungary) and of its subsidiaries, Invitel Ltd., Digi Infrastruktura Korlatolt Felelossegu Tarsasag and I TV Ltd by 4iG Plc.

 

The parties’ intention to enter into the sale and purchase agreement was initially announced to the investors and the market on March, 29, 2021.

 

The transaction involves the acquisition by 4iG Plc of the 100 percent stake held by RCS&RDS in Hungary’s leading telecommunications and media service group and the assignment of all debts of Digi Hungary and of its subsidiaries to RCS & RDS, for a transaction value of EUR 625million. The transaction is subject to the fulfilment of certain conditions, including competition authority clearance.

 

Digi Hungary is a leading telecommunications service provider in Hungary, with 23 years of experience and a broad service portfolio covering cable TV, fixed internet and data, mobile telecommunication services, fixed-line telephony and Direct To Home (DTH) services. It serves more than 1.1 million subscribers nationwide and has over 2.5 million Revenue Generating Units (RGUs) as of 31 December 2020.

 

In 2020, Group’s consolidated sales revenue in Hungary was HUF 70 billion (approx. EUR 200 million) and its adjusted EBITDA reached HUF 19 billion (approx. EUR 54 million).

 

4iG Plc. is one of the leading companies of the Hungarian IT and ICT market, plays a leading role in Hungary’s knowledge-based digital economy. 4iG has been present in the field of industry and industry-independent innovative technologies for more than 25 years.

 

 

 

Serghei Bulgac

 

Chief Executive Officer

 



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