PR Newswire/euro adhoc/
EANS-Adhoc: Telekom Austria Group Completes the Acquisition of YESSS! (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, 3 January 2013: The Telekom Austria Group (VSE: TKA, OTC US: TKAGY)
announces that today the acquisition of YESSS! Telekommunikation GmbH ("YESSS!")
was completed (closing).
On 27 November 2012 the Austrian Cartel Court approved the proposed acquisition
of YESSS! by Telekom Austria Group without conditions. The approval decision
became legally binding on 21 December 2012. After fulfilment of all conditions,
in particular the closing of the acquisition of Orange Austria by Hutchison 3G
Austria Holdings GmbH, the closing of the transaction and the payment of the
purchase price occurred today.
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. The acquisition of the intellectual
property rights for the "One" brand was also completed today; the closing of the
acquisition of the other assets follows gradually.
Further inquiry note:
Director Investor Relations
Tel.: +43 (0) 50 664 39126
issuer: Telekom Austria AG
indexes: WBI, ATX Prime, ATX
stockmarkets: official market: Wien
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-0- Jan/03/2013 13:16 GMT
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