HELLENIC TELECOM. ORG.
COSMOTE signs agreement for the sale of COSMOFON
Hellenic Telecommunications Organization SA (ASE: HTO, NYSE: OTE), the Greek full-service telecommunications provider announces that its subsidiary, Cosmote SA, signed today the agreements with Telekom Slovenije for the transfer of 100% stake of COSMOFON MOBILE TELECOMMUNICATIONS AD SKOPJE ("Cosmofon") as well as GERMANOS TELECOM AD SKOPJE (GTS) to Telekom Slovenije. The transfer of 100% stake of Cosmofon to Telekom Slovenije will take place through the sale of Cosmote?s 100% owned subsidiary, OTE MTS HOLDING B.V. The total value of the transaction amounts to euro 190 mn.
Cosmofon launched its commercial operations in June 2003, under Cosmote's management, holding the second mobile licence in FYROM. In August 2005, Cosmote acquired 100% of the company's share capital. Cosmofon was the first to launch 3G-HSDPA services,in the market, in August 2008 and acquired six regional WiMax licenses, launching a nationwide WiMax network. With a strong telecommunications network and an extensive retail network countrywide, Cosmofon has a market share of approximately 30%. Through its integrated services offerings and multiple technology layers, Cosmofon is one of the most technologically advanced operators in the region. GERMANOS TELECOM AD SKOPJE is Cosmofon's major distributor in the country with a network of 66 shops. GERMANOS TELECOM AD SKOPJE is a 100% subsidiary of GERMANOS SA, a member of the OTE Group.
N M ROTHSCHILD & Sons Ltd and Eurobank EFG TELESIS FINANCE S.A. acted as Cosmote's financial advisors for the sale of its subsidiaries in FYROM.
The transaction is subject to final approvals by FYROM regulatory authorities.
About Telekom Slovenije
Telekom Slovenije Group ("Telekom") is one of the most established telecommunication operators in South Eastern Europe ("SEE") providing fixed lines, mobile and broadband services, construction and maintenance of communication cable network, web search engines, the publication of telephone directories and managing of databases and integrated business system solutions. The Group has more than 320,000 broadband connections, 1.5 million mobile users and 650,000 fixed telephony connections in the SEE region. In year 2008 the Group's net sales revenues reached EUR 842.4 million and EBITDA was EUR 312.2 million.
Telekom already has operations in the FYROM through On.net, the second largest internet service provider in the country.
Cosmofon launched its commercial operations in June 2003, under Cosmote's management, holding the second mobile licence in FYROM. In August 2005, Cosmote acquired 100% of the company's share capital. Cosmofon was the first to launch 3G-HSDPA services,in the market, in August 2008 and acquired six regional WiMax licenses, launching a nationwide WiMax network. With a strong telecommunications network and an extensive retail network countrywide, Cosmofon has a market share of approximately 30%. Through its integrated services offerings and multiple technology layers, Cosmofon is one of the most technologically advanced operators in the region. GERMANOS TELECOM AD SKOPJE is Cosmofon's major distributor in the country with a network of 66 shops. GERMANOS TELECOM AD SKOPJE is a 100% subsidiary of GERMANOS SA, a member of the OTE Group.
N M ROTHSCHILD & Sons Ltd and Eurobank EFG TELESIS FINANCE S.A. acted as Cosmote's financial advisors for the sale of its subsidiaries in FYROM.
The transaction is subject to final approvals by FYROM regulatory authorities.
About Telekom Slovenije
Telekom Slovenije Group ("Telekom") is one of the most established telecommunication operators in South Eastern Europe ("SEE") providing fixed lines, mobile and broadband services, construction and maintenance of communication cable network, web search engines, the publication of telephone directories and managing of databases and integrated business system solutions. The Group has more than 320,000 broadband connections, 1.5 million mobile users and 650,000 fixed telephony connections in the SEE region. In year 2008 the Group's net sales revenues reached EUR 842.4 million and EBITDA was EUR 312.2 million.
Telekom already has operations in the FYROM through On.net, the second largest internet service provider in the country.