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. other 03.01.2013 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: Matthias Stieber Director Investor Relations Tel.: +43 (0) 50 664 39126 mailto: firstname.lastname@example.org issuer: Telekom Austria AG Lassallestrasse 9 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 The content and accuracy of news releases published on this site and/or distributed by PR Newswire or its partners are the sole responsibility of the originating company or organisation. Whilst every effort is made to ensure the accuracy of our services, such releases are not actively monitored or reviewed by PR Newswire or its partners and under no circumstances shall PR Newswire or its partners be liable for any loss or damage resulting from the use of such information. All information should be checked prior to publication. -0- Jan/03/2013 13:16 GMT
EANS-Adhoc: Telekom Austria Group Completes the Acquisition of YESSS! (Ad-Hoc)
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