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Telekom Austria AG — M&A Activity 2012
Dec 21, 2012
762_iss_2012-12-21_0f68d912-2977-4dd7-9f6a-a08d5d3dbc77.pdf
M&A Activity
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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.
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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: [email protected] | |
|---|---|
| issuer: | Telekom Austria AG |
| Lassallestrasse 9 | |
| A-1020 Wien | |
| mail: | [email protected] |
| WWW: | www.telekomaustria.com/ir |
| sector: | Telecommunications |
| ISIN: | AT0000720008 |
| indexes: | WBI, ATX Prime, ATX |
| stockmarkets: official market: Wien | |
| language: | English |
Aussendung übermittelt durch euro adhoc The European Investor Relations Service