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Telekom Austria AG Completes the Acquisition of YESSS!

Thursday, 3 Jan 2013 08:15am EST 

Telekom Austria AG announced that it has completed the acquisition of YESSS! Telekommunikation GmbH ("YESSS!"). On November 27, 2012 the Austrian Cartel Court approved the proposed acquisition of YESSS! by Telekom Austria Group without conditions. The approval decision became legally binding on December 21, 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 on January 3, 2013. On February 3, 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 owned by Orange Austria, for a total amount of up to EUR 390.0 million. 

Company Quote

19 Nov 2014