Osborne Clarke Advised Vodafone On Agreement To Acquire Telekom Romania Mobile

Osborne Clarke advised Vodafone on agreement to acquire Telekom Romania Mobile

International law firm Osborne Clarke has advised Vodafone Romania S.A. (“Vodafone”), a subsidiary of Vodafone Group, on the acquisition of Telekom Romania Mobile Communications S.A. (“TKRM”) from Hellenic Telecommunications Organization S.A. (“OTE”).

Vodafone will acquire TKRM and its post-paid customer base. As part of the transaction, Vodafone will also gain additional spectrum and towers, strengthening its position in the Romanian telecoms market. In parallel, Digi Romania S.A. has agreed to acquire TKRM’s pre-paid customer business.

“Advising Vodafone on this strategically significant transaction highlights both the pace of change in the European telecoms market and the strength of Vodafone’s ambition in Romania. It also showcases the breadth of Osborne Clarke’s cross-border M&A capability. This was a complex, multi-faceted deal and it was rewarding to see our team’s expertise across practice areas come together to support its progress.” Mark Wesker, (Partner) at Osborne Clarke

The Osborne Clarke team was led by Mark Wesker (Partner), with support from Richard Porter (Partner), and James Mackay (Legal Director), and Hannah Maidment (Senior Associate), and John Annan (Associate), and Hannah Drew (Legal Director), and Matt Suter (Associate Director), and Gregory Barton (Senior Associate), and James Meakin (Partner), and Edward Aves (Associate). Romanian law advice was provided by Țuca Zbârcea & Asociații.

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