The Telekom Austria Group announced that the acquisition of YESSS! Telekommunikation GmbH was completed.
On 27 November 2012 the Austrian Cartel Court approved the proposed acquisitionof YESSS! by Telekom Austria Group without conditions. The approval decisionbecame legally binding on 21 December 2012. After fulfilment of all conditions,in particular the closing of the acquisition of Orange Austria by Hutchison 3GAustria Holdings GmbH, the closing of the transaction and the payment of thepurchase price occurred today.
On 3 February 2012 Telekom Austria Group announced that it has agreed to acquirefrequencies, base station sites, the mobile phone provider YESSS!, as well ascertain intellectual property rights currently owned by Orange Austria, for atotal amount of up to EUR 390.0 million. The acquisition of the intellectualproperty rights for the "One" brand was also completed today; the closing of theacquisition of the other assets follows gradually.