Telekom Austria one step nearer to owning MobilTel

22 Mar 2005

Telekom Austria today paid EUR80 million under a call option agreement to purchase Bulgaria’s leading wireless operator MobilTel (MTel). The deal, agreed in December 2004, gave Telekom the unilateral right to acquire 100% of MTel for an estimated EUR1.6 billion in the second half of 2005.

Bulgaria, A1 Bulgaria (Mobiltel), A1 Telekom Austria Group