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Telekom Austria Wraps Up Acquisition of Bulgaria's Mobiltel

Date: 14.07.2005

Telekom Austria announced Thursday the finalization of the acquisition of Mobiltel AD, the leading Bulgarian wireless operator. Telekom Austria Group has acquired 100% of Mobiltel for a total consideration (Enterprise Value) of up to EUR 1,600 million following the signing of a share purchase agreement on June 1, 2005. Mobiltel has been acquired from a consortium of Austrian and international financial investors.

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