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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 LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.8x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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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.

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Historical Financials (EUR)

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2025
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REFERENCES

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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Acquirer: vodafone group