Romanian telecom firm Digi Communications acquires Portugal's Nowo Communications and Cabonitel for €150M each.

Romanian telecom firm Digi Communications acquires Portugal's fourth-largest operator, Nowo Communications, for €150 million. The purchase follows the Portuguese competition authority blocking Vodafone Portugal's acquisition of Nowo. Digi Communications also acquires Portuguese telecom operator Cabonitel for the same amount. These acquisitions expand Digi's operations in Portugal, where it's developing fixed and mobile networks, having secured 5G licenses in October 2021.

August 02, 2024
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