BUCHAREST, Romania, 9-Jul-2024 — /EPR INTERNET NEWS/ — Digi Communications N.V. (“Digi” or the “Company”), one of the leading European telecommunications companies, listed on the Bucharest Stock Exchange, informs the market that on 9 July 2024, Digi Spain Telecom S.L.U. (“DIGI Spain”), through its subsidiary DS Mobile Networks, S.L.U., entered into a national roaming agreement (the “NRA”) and a RAN sharing agreement (the “RAN Sharing Agreement”) with Telefónica Móviles España, S.A.U. (“Telefónica”). These agreements are concluded for a minimum period of 16 years and are intended to replace starting with 1 January 2025 the existing MVNO agreement concluded between DIGI Spain and Telefónica. Under the RAN Sharing Agreement, the parties agree to also share the mobile spectrum owned by them in Spain, in the 3.500 MHz frequency band.

The agreements are subject to customary closing conditions, such as obtaining the applicable regulatory approvals.

In addition, DIGI Spain has concluded a new fixed broadband bitstream wholesale agreement with Telefónica (NEBA) for a period of 10 years (with the possibility to extend such term).

Following the Company’s announcement from 12 December 2023 regarding the purchase of spectrum licenses in Spain, the conclusion of the agreements announced today will enable the Company to execute an efficient and timely transition of its mobile telephony business in Spain from a mobile virtual network operator (MVNO) to a mobile network operator (MNO) and to roll-out its own mobile network.

About Digi Communications N.V.

We are a European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.

SOURCE: EuropaWire