Telekom Austria AG (WBAG: TKA) completed the acquisition of YESSS! Telecommunikation GmbH, certain frequencies, base station sites and intellectual property rights from Hutchison 3G Austria GmbH.
As of November 27, 2012, the transaction was approved by the Austria's Cartel Court. As of December 21, 2012, Austrian Federal Competition Authority and the Federal Cartel Attorney announced that they will not file an appeal against the decision of the Austrian Cartel Court. BofA Merrill Lynch acted as financial advisor and Albert Birkner of Cerha Hempel Spiegelfeld acted as legal advisor to Telekom Austria AG. Bertram Burtscher, Konrad Groeller, Axel Reidlinger, Thomas Wessely, Michal Dobrowolski, Mag. Alexander Opereny and Lutz Riede of Freshfields Bruckhaus Deringer acted as legal advisor to Hutchison. Deloitte Financial Advisory GmbH acted as financial advisor for Telekom Austria AG.
Telekom Austria AG (WBAG: TKA) completed the acquisition of YESSS! Telecommunikation GmbH, certain frequencies, base station sites and intellectual property rights from Hutchison 3G Austria GmbH on January 3, 2013.