Tuca Zbarcea & Asociatii, working with Osborne Clarke, has advised Vodafone Romania in an agreement to acquire Hellenic Telecommunications Organization S.A.'s (OTE) stake in Telekom Romania Mobile Communications while the prepaid business and certain assets of Telekom Romania Mobile Communications were sold to Digi Romania. Filip & Company and Addleshaw Goddard advised Digi. Mayer Brown International and Eversheds Lina & Guia reportedly advised the sellers.
According to Tuca Zbarcea & Asociatii, the total enterprise value of the deal is EUR 70 million. "The transaction strengthens Vodafone Romania’s position on the Romanian telecom market. The two companies will continue to operate as separate legal entities albeit part of the same group until completion of the legal merger process, which is expected to take place in 2026."
According to Filip & Company, Digi Romania's acquisition, worth EUR 40 million, includes the transfer of assets such as spectrum licenses, telecommunication towers, as well as the transfer of the business of providing prepaid mobile telecommunications services from TKRM to DIGI, followed by the acquisition of TKRM shares by Vodafone Romania S.A. The closing took place on October 1, 2025.
“We are proud to have worked on a landmark project in the Romanian telecom market: a long-lasting, sophisticated transaction that required a lot of hard work, expert knowledge, and creativity," commented Tuca Zbarcea & Asociatii Deputy Managing Partner Stefan Damian. "We are grateful to Vodafone Romania for this opportunity and for the outstanding cooperation we've had with their legal and compliance teams throughout this period. Moving forward, we will continue to offer legal assistance on post-closing issues, such as during the integration process."
“We have been working with DIGI for many years, and we are happy to have been able to partner with them once again on such an important and complex project," added Filip & Company Managing Partner Alexandru Birsan. "This transaction will strengthen DIGI’s position on the Romanian market and will bring real value to current and future DIGI customers by expanding the network and improving mobile services. We are glad to have been able to contribute to this landmark moment for the Romanian telecom market and thank our client for their trust and excellent collaboration."
The Tuca Zbarcea & Asociatii team was led by Damian and included Partners Vlad Cercel, Raluca Vasilache, Andreea Oprisan, Ciprian Timofte, Alexandra Peres, and Mihai Anghel, Managing Associates Sergiu Cretu and Dana Barbu, Senior Associates Daniela Manolea and Evelina Popa, and Associate Ioana Patrascu.
The Filip & Company team was coordinated by Birsan and included Partners Catalin Suliman and Ioana Roman, Senior Associates Anca Badescu and Diana Gavra, and Associates Bianca Gheorghe, Anisia Coroama, Roxana Tiugan, Paola Nardelli, Bianca Iamandi, Ilinca Porojan-Gheaja, Roberto Cazacu, and Alexandra Ionescu.
The Addleshaw Goddard team included Warsaw-based Partner Daniel Cousens and Managing Associate Klaudia Sliwka.
