EANS-Adhoc: Telekom Austria Group Completes the Acquisition of YESSS! (Ad-Hoc)
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: Matthias Stieber Director Investor Relations Tel.: +43 (0) 50 664 39126 mailto: email@example.com
issuer: Telekom Austria AG
A-1020 Wien mail: firstname.lastname@example.org 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- Jan/03/2013 13:16 GMT