Romania’s Digi to launch IPO

One of the leading providers of telecommunications and pay TV services in Romania, Digi, plans to launch an IPO (Initial Public Offering) of ordinary shares of class B on the Bucharest Stock Exchange in May. The offer will allow investors to benefit from company’s management team’s expertise and brand recognition. Digi offers five core services – mobile services, fixed internet and data services, fixed-line telephony, cable TV and DTH TV. It operates not only in Romania, but also in Hungary, Spain and Italy. In 2016, Digi’s revenues reached €842.8m.