Tag Archives: telecommunications services

DIGI: our Romanian subsidiary RCS & RDS S.A. paid over LEI 1.2 billion for taxes and contributions to local and state budgets in 2017

BUCHAREST, Romania, 08-Jan-2019 — /EPR FINANCIAL NEWS/ — We would like to inform the market and our investors that, on 29 December 2018, an Emergency Government Ordinance no 114/2018 (the “GEO 114/2018”) establishing, amongst others, certain budgetary and tax measures was published in the Romanian Official Gazette. The GEO 114/2018 sets an increased monitoring tariff of 3% applied to the turnover of telecommunications operators meant to finance the activity of the National Authority for Management and Regulation in Communications of Romania (ANCOM). The prolongation of the exploitation period for the existing mobile communications licenses will be subject to the payment of 4% applied to the turnover generated from the mobile telephony operations in the year prior to the extension multiplied with the number of years for which the license validity period is prolonged. The further grant of the new mobile communications licenses will be subject to the payment of a percentage of either 2% or 4% applied to the turnover generated from the mobile telephony operations in the year prior to the grant date multiplied with the number of years corresponding to the validity period of the license. Also, the fines applicable for regulatory breaches in connection with the telecommunications sector in Romania were increased significantly.

The GEO 114/2018 additionally increased the level of the corporate tax applied to licenses owners operating energy or gas activities in Romania to 2% applied to the turnover generated from the respective energy or gas activity. In the public announcements made at the adoption of the GEO 114/2018, the Romanian Government’s representatives stated that the additional taxation would be caused by the “incorrect behaviour” of the telecommunications operators. We are of the opinion that these allegations have no legal, tax or economical basis, and that the decision to introduce these new taxes is ungrounded and discriminatory.

In connection with RCS & RDS S.A.’s activity, our Romanian subsidiary („Digi | RCS&RDS”), we express the following: Out of the turnover of approximately LEI 3.3 billion registered in 2017, Digi | RCS&RDS paid during the same year more than 1/3 (meaning over LEI 1.2 billion) for: taxes and contributions to the state budget, to the central authorities and to the local budgets; amounts due to state owned companies and other similar entities; and also it performed multiple payments to various public and private entities based on mandatory legal requirements. In connection with the income tax assessed by Digi | RCS&RDS, we must recall that, since 2007 until 2017, Digi | RCS&RDS invested more than EURO 2 billion for the development of a highly advanced fixed and mobile telecommunications network based on optical fibre. These investments were made to the benefit of millions of customers who enjoy today the best quality services at very advantageous prices. These investments performed by Digi | RCS&RDS (and which were subject of amortization) have implicitly determined the reduction of the taxable basis, in full compliance with the tax legislation.

In our view GEO 114/2018 is prejudicial to the development of the telecommunications and energy industries in Romania as it materially increases, without proper consultation and without any serious justification, the fiscal burden on businesses in these sectors, thus potentially restricting the ability to make further investments and affecting clients. We will be further evaluating the impact of GEO 114/2018 on our business and take those measures that are deemed necessary.

For details regarding the reports, please access the official websites designated of Digi: www.digi-communications.ro (Investor Relations Section).

SOURCE: EuropaWire

DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the #DIGI symbol, 31 December 2018-04 January 2019

BUCHAREST, Romania, 07-Jan-2019 — /EPR FINANCIAL NEWS/ — In accordance with the ASF Regulation no. 5/2018 and art. 2 of the Commission Delegated Report (EU) 1052/2016, DIGI COMMUNICATIONS N.V. reports to the regulated market (Bucharest Stock Exchange “BVB”, Romanian Financial Supervisory Authority “ASF”, the Dutch Authority for the Financial Markets “AFM”) the transactions which occurred under the DIGI symbol between 31 December 2018-04 January 2019.

For details regarding the Notification of shares buy-back, please access the official website designated of Digi: www.digi-communications.ro (Investor Relations Section/Current Reports).

SOURCE: EuropaWire

DIGI COMMUNICATIONS N.V. reports to the regulated market the shares buy-back transactions which occurred under the #DIGI symbol between 24 and 28 December 2018

BUCHAREST, Romania, 31-12-2018 — /EPR FINANCIAL NEWS/ — In accordance with the ASF Regulation no. 5/2018 and art. 2 of the Commission Delegated Report (EU) 1052/2016, DIGI COMMUNICATIONS N.V. reports to the regulated market (Bucharest Stock Exchange “BVB”, Romanian Financial Supervisory Authority “ASF”, the Dutch Authority for the Financial Markets “AFM”) the transactions which occurred under the DIGI symbol between 24-28 Dec 2018.

For details regarding the Notification of shares buy-back, please access the official website designated of Digi: www.digi-communications.ro (Investor Relations Section/Current Reports).

SOURCE: EuropaWire

DIGI COMMUNICATIONS N.V.: shares buy-back transactions for the 17-21 December 2018 period

BUCHAREST, Romania, 24-12-2018 — /EPR FINANCIAL NEWS/ — In accordance with the ASF Regulation no. 5/2018 and art. 2 of the Commission Delegated Report (EU) 1052/2016, DIGI COMMUNICATIONS N.V. reports to the regulated market (Bucharest Stock Exchange “BVB”, Romanian Financial Supervisory Authority “ASF”, the Dutch Authority for the Financial Markets “AFM”) the transactions which occurred under the DIGI symbol between 17-21 Dec 2018.

For details regarding the Notification of shares buy-back, please access the official website designated of Digi: www.digi-communications.ro (Investor Relations Section/Current Reports).

SOURCE: EuropaWire

DIGI COMMUNICATIONS N.V. reports to the regulated market the shares buy-back transactions which occurred under the #DIGI symbol between 10 and 14 December 2018

BUCHAREST, Romania, 17 Dec-2018 — /EPR FINANCIAL NEWS/ — In accordance with the ASF Regulation no. 5/2018 and art. 2 of the Commission Delegated Report (EU) 1052/2016, DIGI COMMUNICATIONS N.V. reports to the regulated market (Bucharest Stock Exchange “BVB”, Romanian Financial Supervisory Authority “ASF”, the Dutch Authority for the Financial Markets “AFM”) the transactions which occurred under the DIGI symbol between 10-14 Dec 2018.

For details regarding the Notification of shares buy-back, please access the official website designated of Digi: www.digi-communications.ro (Investor Relations Section/Current Reports).

SOURCE: EuropaWire

DIGI COMMUNICATIONS N.V.: shares buy-back transactions for the 3-7 December 2018 period

BUCHAREST, Romania, 10-Dec-2018 — /EPR FINANCIAL NEWS/ — In accordance with the ASF Regulation no. 5/2018 and art. 2 of the Commission Delegated Report (EU) 1052/2016, DIGI COMMUNICATIONS N.V. reports to the regulated market (Bucharest Stock Exchange “BVB”, Romanian Financial Supervisory Authority “ASF”, the Dutch Authority for the Financial Markets “AFM”) the transactions which occurred under the DIGI symbol between 3-7 Dec 2018.

For details regarding the Notification of shares buy-back, please access the official website designated of Digi: www.digi-communications.ro (Investor Relations Section/Current Reports).

SOURCE: EuropaWire

DIGI COMMUNICATIONS N.V. reports to the regulated market the shares buy-back transactions which occurred under the #DIGI symbol between 26 and 30 November 2018

BUCHAREST, Romania, 03-Dec-2018 — /EPR FINANCIAL NEWS/ — In accordance with the Romanian National Securities Commission Regulation no. 5/2018 and art. 2 of the Commission Delegated Report (EU) 1052/2016, DIGI COMMUNICATIONS N.V. reports to the regulated market (Bucharest Stock Exchange “BVB”, Romanian Financial Supervisory Authority “ASF”, the Dutch Authority for the Financial Markets “AFM”) the transactions which occurred under the DIGI symbol between 26-30 Nov 2018.

For details regarding the Notification of shares buy-back, please access the official website designated of Digi: www.digi-communications.ro (Investor Relations Section/Current Reports).

SOURCE: EuropaWire

DIGI COMMUNICATIONS N.V.: shares buy-back transactions for the 19-23 November 2018 period

BUCHAREST, Romania, 26-Nov-2018 — /EPR FINANCIAL NEWS/ — In accordance with the Romanian National Securities Commission Regulation no. 5/2018 and art. 2 of the Commission Delegated Report (EU) 1052/2016, DIGI COMMUNICATIONS N.V. reports to the regulated market (Bucharest Stock Exchange “BVB”, Romanian Financial Supervisory Authority “ASF”, the Dutch Authority for the Financial Markets “AFM”) the transactions which occurred under the DIGI symbol between 19-23 Nov 2018.

For details regarding the Notification of shares buy-back, please access the official website designated of Digi: www.digi-communications.ro (Investor Relations Section/Current Reports).

SOURCE: EuropaWire

DIGI COMMUNICATIONS N.V. reports to the regulated market the shares buy-back transactions which occurred under the DIGI symbol between 12 and 16 November 2018

 

BUCHAREST, Romania, 19-Nov-2018 — /EPR FINANCIAL NEWS/ — In accordance with the FSA Regulation no. 5/2018 and art. 2 of the Commission Delegated Report (EU) 1052/2016, DIGI COMMUNICATIONS N.V. reports to the regulated market (Bucharest Stock Exchange “BVB”, Romanian Financial Supervisory Authority “ASF”, the Dutch Authority for the Financial Markets “AFM”) the transactions which occurred under the DIGI symbol between 12-16 November 2018.

For details regarding the Notification of shares buy-back, please access the official website designated of Digi: www.digi-communications.ro (Investor Relations Section/Current Reports).

SOURCE: EuropaWire

Digi Communications N.V.: Digi HU’s ownership and control over Invitel is not affected by the GVH’s decision to reassess the acquisition

BUCHAREST, Romania, 15-Nov-2018 — /EPR FINANCIAL NEWS/ — We would like to inform the market and our investors that, in connection with the decision issued by the Hungarian Competition Authority (Gazdasági Versenyhivatal – “GVH”) in May 2018 (the “Initial Decision”) approving the acquisition by our Hungarian subsidiary – DIGI Távközlési és Szolgáltató Kft. (“Digi HU”), as the purchaser, of shares representing in total 99.998395% of the share capital and voting rights of Invitel Távközlési Zrt. (“Invitel”) from Ilford Holding Kft. and InviTechnocom Kft., acting as sellers (the “Transaction” – the completion of which we have disclosed to the market on 30 May 2018), on 14 November 2018, the GVH issued several decisions whereby it formally withdrew the Initial Decision and it opened a new investigation (“New Procedure”) for reassessing limited aspects in connection with certain settlements where i-TV Digitális Távközlési Zrt. (“i-TV” – one of Digi HU’s subsidiaries in Hungary) and Invitel overlap.

GVH’s stated reason for withdrawing the Initial Decision is based on allegations that Digi HU has failed to proactively comment during the initial assessment on certain data regarding the territorial scope of certain telecommunications services provided by i-TV, which has been used by the GVH in its Initial Decision. On that basis, the GVH also imposed a fine on Digi HU of approximately EUR 280,000 (HUF 90,000,000).

Digi HU’s ownership and control over Invitel is not affected by the above-mentioned GVH’s decisions, as the GVH simultaneously decided on 14 November 2018 to allow Digi HU to continue to exercise control over Invitel (“Exemption Decision”) before the issuance by the GVH of a new decision on the Transaction. As a consequence, on the basis of the Exemption Decision, the implementation by Digi HU of the Transaction is not affected by the GVH’s New Procedure, except for certain limited behavioral restrictions from the Initial Decision that were reinstated.

In relation to the operation of i-TV, the GVH imposed certain behavioral interim obligations on Digi HU until the completion of the New Procedure. i-TV represents a minor part of DIGI HU’s business in Hungary.

We continue to strongly hold that Digi HU fully cooperated during the initial procedure by providing complete and accurate information, and that the GVH’s decision to withdraw the Initial Decision and to apply a fine is incorrect.

Meanwhile, we will continue to fully and in good faith cooperate with the GVH during the New Procedure in order to ensure that a new decision re-approving the Transaction is finalized as soon as possible.

SOURCE: EuropaWire

Digi Communications N.V., the parent holding company of RCS & RDS, reports Q3 2018 financial results

BUCHAREST, Romania, 14-Nov-2018 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that Q3 2018 financial results are available on the Company’s website.

For details, please see:
http://www.digi-communications.ro/en/investor-relations

SOURCE: EuropaWire

DIGI COMMUNICATIONS N.V.: shares buy-back transactions for the 5-9 November 2018 period

BUCHAREST, Romania, 12-Nov-2018 — /EPR Financial News/ — In accordance with the FSA Regulation no. 5/2018 and art. 2 of the Commission Delegated Report (EU) 1052/2016, DIGI COMMUNICATIONS N.V. reports to the regulated market (Bucharest Stock Exchange “BVB”, Romanian Financial Supervisory Authority “ASF”, the Dutch Authority for the Financial Markets “AFM”) the transactions which occurred under the DIGI symbol between 5-9 November 2018.

Details regarding the Notification of shares buy-back, please access the official website designated of Digi: www.digi-communications.ro (Investor Relations Section/Current Reports)

SOURCE: EuropaWire

Digi Communications N.V. will host a investor call to discuss the Q3 2018 financial results on November 14, 2018

BUCHAREST, Romania, 07-Nov-2018 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that on November 14, 2018 (at 17:00 UK time) it will host a conference call to discuss the Q3 2018 financial results.

To participate in the conference please follow the instructions from our website:
www.digi-communications.ro

A webcast of the call and the presentation materials will be available on our websites and the webcast will be archived for 30 days: www.digi-communications.ro

SOURCE: EuropaWire

DIGI COMMUNICATIONS N.V.: shares buy-back transactions for the 29 October-2 November 2018 period

BUCHAREST, Romania, 05-Nov-2018 — /EPR FINANCIAL NEWS/ — In accordance with the FSA Regulation no. 5/2018 and art. 2 of the Commission Delegated Report (EU) 1052/2016, DIGI COMMUNICATIONS N.V. reports to the regulated market (Bucharest Stock Exchange “BVB”, Romanian Financial Supervisory Authority “ASF”, the Dutch Authority for the Financial Markets “AFM”) the transactions which occurred under the DIGI symbol between 29 October-2 November 2018.

For details regarding the Notification of shares buy-back, please access the official website designated of Digi: www.digi-communications.ro (Investor Relations Section/Current Reports).

SOURCE: EuropaWire

DIGI COMMUNICATIONS N.V.: shares buy-back transactions for the 22-26 October 2018 period

BUCHAREST, Romania, 29-Oct-2018 — /EPR FINANCIAL NEWS/ —  In accordance with the FSA Regulation no. 5/2018 and art. 2 of the Commission Delegated Report (EU) 1052/2016, DIGI COMMUNICATIONS N.V. reports to the regulated market (Bucharest Stock Exchange “BVB”, Romanian Financial Supervisory Authority “ASF”, the Dutch Authority for the Financial Markets “AFM”) the transactions which occurred under the DIGI symbol between 22-26 October 2018.

For details regarding the Notification of shares buy-back, please access the official website designated of Digi: www.digi-communications.ro (Investor Relations Section/Current Reports).

SOURCE: EuropaWire

DIGI COMMUNICATIONS N.V.: shares buy-back transactions for the 15-19 October 2018 period

BUCHAREST, Romania, 22-Oct-2018 — /EPR FINANCIAL NEWS/ — In accordance with the FSA Regulation no. 5/2018 and art. 2 of the Commission Delegated Report (EU) 1052/2016, DIGI COMMUNICATIONS N.V. reports to the regulated market (Bucharest Stock Exchange “BVB”, Romanian Financial Supervisory Authority “ASF”, the Dutch Authority for the Financial Markets “AFM”) the transactions which occurred under the DIGI symbol between 15-19 October 2018.

For details regarding the Notification of shares buy-back, please access the official website designated of Digi: www.digi-communications.ro (Investor Relations Section/Current Reports).

SOURCE: EuropaWire

Digi Communications N.V. submitted a current report according to the requirements of Law 24/2017 (Article 82) and FSA Regulation no. 5/2018 for September 2018 to the Romanian Stock Exchange (“BVB”)

BUCHAREST, Romania, 15-Oct-2018 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that on October 15, 2018 the Company submitted a current report according to the requirements of Law 24/2017 (Article 82) and FSA Regulation no. 5/2018 for September 2018 to the Romanian Stock Exchange (“BVB”). The Report is also available on the Company’s website.

For details regarding the reports, please access the official website designated of Digi: www.digi-communications.ro (Investor Relations Section).

SOURCE: EuropaWire

DIGI COMMUNICATIONS N.V.: shares buy-back transactions for the 8-12 October 2018 period

BUCHAREST, Romania, 15-Oct-2018 — /EPR FINANCIAL NEWS/ — In accordance with the Romanian National Securities Commission Regulation no. 5/2018 and art. 2 of the Commission Delegated Report (UE) 1052/2016, DIGI COMMUNICATIONS N.V. reports to the regulated market (Bucharest Stock Exchange “BVB”, Romanian Financial Supervisory Authority “ASF”, the Dutch Authority for the Financial Markets “AFM”) the transactions which occurred under the DIGI symbol between 8-12 Oct 2018.

For details regarding the Notification of shares buy-back, please access the official website designated of Digi: www.digi-communications.ro (Investor Relations Section/Current Reports).

SOURCE: EuropaWire

DIGI COMMUNICATIONS N.V.: shares buy-back transactions for the 1-5 October 2018 period

BUCHAREST, Romania, 08-Oct-2018 — /EuropaWire/ — In accordance with the Romanian National Securities Commission Regulation  no. 5/2018 and art. 2 of the Commission Delegated Report (EU) 1052/2016, DIGI COMMUNICATIONS N.V. reports to the regulated market (Bucharest Stock Exchange “BVB”, Romanian Financial Supervisory Authority “ASF”, the Dutch Authority for the Financial Markets “AFM”) the transactions which occurred under the DIGI symbol between 1-5 Oct 2018.

For details regarding the Notification of shares buy-back, please access the official website designated of Digi: www.digi-communications.ro (Investor Relations Section/Current Reports).

SOURCE: EuropaWire

DIGI COMMUNICATIONS N.V. reports to the regulated market the shares buy-back transactions which occurred under the #DIGI symbol between 24 and 28 September 2018

BUCHAREST, Romania, 01-Oct-2018 — /EPR FINANCIAL NEWS/ — In accordance with the Romanian National Securities Commission Regulation no. 5/2018 and art. 2 of the Commission Delegated Report (EU) 1052/2016, DIGI COMMUNICATIONS N.V. reports to the regulated market (Bucharest Stock Exchange “BVB”, Romanian Financial Supervisory Authority “ASF”, the Dutch Authority for the Financial Markets “AFM”) the transactions which occurred under the DIGI symbol between 24-28 Sept 2018.

For details regarding the Notification of shares buy-back, please access the official website designated of Digi: www.digi-communications.ro (Investor Relations Section/Current Reports).

SOURCE: EuropaWire