EANS-Adhoc: FCA and Federal Cartel Attorney Accept Approval of the Acquisition of YESSS! by Telekom Austria Group (Ad-Hoc)
PR Newswire/euro adhoc/ EANS-Adhoc: FCA and Federal Cartel Attorney Accept Approval of the Acquisition of YESSS! by Telekom Austria Group (Ad-Hoc) ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
Vienna, 21 December 2012: the Telekom Austria Group (VSE: TKA, OTC US: TKAGY) informs that the Austrian Federal Competition Authority ("FCA") and the Federal Cartel Attorney have publicly announced today that they will not file an appeal against the decision of the Austrian Cartel Court to approve the acquisition of YESSS! Telekommunikation GmbH ("YESSS!") by Telekom Austria AG. Further, Telekom Austria Group has been informed by the Cartel Court that both, the FCA and the Federal Cartel Attorney, have submitted a formal waiver to file an appeal.
On 3 February 2012, Telekom Austria Group announced that it has agreed to acquire frequencies, base station sites, the mobile phone provider YESSS! as well as certain intellectual property rights currently owned by Orange Austria for a total amount of up to EUR 390.0 million.
On 27 November 2012, the Austrian Cartel Court approved the proposed acquisition of YESSS! by Telekom Austria Group without conditions. The FCA and the Federal Cartel Attorney had the possibility to appeal against the decision of the Cartel Court within four weeks after the decision was served, ie until 27 December 2012. Since the approval becomes legally binding, a major condition for the closing of the transaction is fulfilled.
Further inquiry note: Matthias Stieber Director Investor Relations Tel.: +43 (0) 50 664 39126 mailto: firstname.lastname@example.org
issuer: Telekom Austria AG
A-1020 Wien mail: email@example.com WWW: www.telekomaustria.com/ir sector: Telecommunications ISIN: AT0000720008 indexes: WBI, ATX Prime, ATX stockmarkets: official market: Wien language: English
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-0- Dec/21/2012 13:32 GMT