BELARUS NEWS AND ANALYSIS
DATE:
03/10/2007
Telekom Austria buys 70 pct of Belarus's MDC for 730 mln eur; option on balance
VIENNA (Thomson Financial) - Telekom Austria AG said that it has agreed to acquire a 70 pct stake in Cypriot SB Telecom Ltd, the sole owner of Belarusian mobile phone operator MDC for an enterprise value of some 730 mln eur.
Telekom Austria said it has also taking an option on the remaining 30 pct of MDC, which is exercisable in the fourth quarter of 2010 for around 320 mln eur.
Source:
http://www.forbes.com/markets/feeds/afx/2007/10/03/afx4180663.html
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