When was TELEKOM ROMÂNIA MOBILE acquired by VODAFONE GROUP?

TELEKOM ROMÂNIA MOBILE was acquired by VODAFONE GROUP in 2025.

How is the data for the TELEKOM ROMÂNIA MOBILE acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the TELEKOM ROMÂNIA MOBILE deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://mobile.telekom.ro/about-us/media/news/vodafone-romania-completes-the-acquisition-of-telekom-romania-mobile-communications/article320313

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Home Database TMT (Tech, Media, Telecom)TELEKOM ROMÂNIA MOBILE

10/2025

VODAFONE GROUP takes majority stake in TELEKOM ROMÂNIA MOBILE

ROMANIA Telecom / Operators REV 1m EUR - 100m EUR

Context

Vodafone România has finalized a definitive agreement to acquire 100% of the capital of Telekom România Mobile Communications, executing a major market-consolidating corporate buyout within the regional telecommunications sector. The transaction is the result of a rigorous negotiation and regulatory approval process, under which the two companies will initially operate as separate legal entities within the same corporate group until the completion of the full legal merger. The transaction's structural execution relies on a phased integration roadmap specifically engineered to secure operational stability and preserve continuous service delivery for all corporate stakeholders.

TELEKOM ROMÂNIA MOBILE, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.5x).

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Target

Telekom România Mobile Communications is a mobile telecommunications operator in Romania, offering a range of mobile phone, data, and connectivity services. Founded in Romania, the company has established a significant presence in the Romanian market, with a portfolio of innovative services and a solid network infrastructure. Telekom România Mobile Communications focuses on providing high-quality mobile communication solutions, catering to the needs of individual customers and businesses. With an experienced team and a strategy centered on innovation, the company aims to strengthen its position in the Romanian telecommunications market, investing in technology and network infrastructure to deliver an exceptional communication experience to its customers. By offering a comprehensive range of services, from mobile telephony to data and connectivity solutions, Telekom România Mobile Communications asserts itself as a major player in the Romanian telecommunications landscape, with a strong reputation for quality and reliability of its services.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2025

2024

Similar deals in Telecom

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
12/2025	HANSEN TECHNOLOGIES	DIGITALK GROUP	UNITED KINGDOM	MVNO
12/2025	ORANGE	MASORANGE	SPAIN	Operators
10/2025	JT GROUP / CVC	MANX TELECOM	UNITED KINGDOM	Operators
03/2025	LATOUR CAPITAL	LYNXEO	FRANCE	Infrastructures
12/2024	INFRAVIA CAPITAL	OPCORE	FRANCE	Infrastructures
10/2024	ORANGE / CINVEN / KKR	MASORANGE	SPAIN	Operators
06/2024	ORANGE	TELEKOM ROMANIA COMMUNICATIONS	ROMANIA	Operators
10/2023	KOESIO	ALCATRAZ IT	FRANCE	Operators
10/2023	ZEGONA COMMUNICATIONS	VODAFONE SPAIN	SPAIN	Operators
04/2023	4IG	ONE (EX VODAFONE HUNGARY)	HUNGARY	Operators

REFERENCES

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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Acquirer: vodafone group