Newcomer Digi snaps up Portugal’s Nowo after Vodafone deal ban

LONDON: Romanian telecoms firm Digi said on Friday it had agreed to buy Portugal’s fourth-largest operator Nowo Communications from Spain’s MASMOVIL for 150 million euros ($162 million) as it prepares to launch services in the country.

The acquisition follows last month’s ruling by the Portuguese competition authority barring a proposed acquisition of Nowo by Vodafone Portugal, one of the three main telecoms groups in the country.