Tele2 AB to acquire the majority share in mobile operator NEO in
Kazakhstan for approximately SEK 55
(Thomson Reuters ONE) - Stockholm - Tele2 AB, ("Tele2"), (OMX Nordic Exchange: TEL2 A andTEL2 B), announced today that it has signed the contract to acquire amajority share of mobile operator NEO in Kazakhstan. Tele2 will payin cash approximately SEK 550 million for 51 percent of the sharesand commit to a capital injection of around SEK 360 million once thetransaction has been finalized. Completion is expected followingapproval from relevant regulatory authorities.NEO operates a 900 MHz GSM license in Kazakhstan with a population ofapproximately 16.2 millions. Tele2 will own 51% of the shares withoptions to buy the remaining 49% after 5 years from closing. Theacquired company will be consolidated into the Tele2 group and willbenefit from Tele2's successful brand marketing and productstrategies.The other shareholder will be Asianet Holdings B.V. ("Asianet") whichis part of a well established private investment group.The following should be considered when estimating operationalperformance of NEO: * The company should have a market share of more than 20 percent within 4 years of commercial re-launch * NEO should be able to reach EBITDA break-even within 2-3 years after commercial re-launch * Accumulated Capital Expenditure between 2010-2013 will amount to SEK 2 400 - 2 600 millionHarri Koponen, President and CEO, comments: "The acquisition of amobile operation in Kazakhstan goes hand in hand with our ambition tocarefully look for complementary assets in or close to our mobilefootprint. Given the proximity of the Kazakhstan asset to other Tele2operations, this acquisition should provide the potential ofsynergies deriving from the replication of our successful operationalmodel."Niklas Sonkin, EVP and Market Area Director Central Europe, comments:"Kazakhstan is a country full of opportunities where Tele2 will buildon its solid experience as a leading mobile challenger. Tele2 willhelp to develop NEO so that it can offer the Best Deal to allcustomers in Kazakhstan."Patrick Vosgimorukian, future representative of Asianet on NEO board,comments:"We are delighted to be partnering with Tele2, an experiencedtelecommunications operator with a proven track record in the CISregion. They will bring operational expertise to NEO, accelerate itsroll-out and move to profitability."____________________________________________________________________Further information can be obtained from:Harri Koponen, President and CEO, Tel: +46 8 5626 4000Lars Torstensson, Investor Inquiries, Tel: +46 702 73 48 79Pernilla Oldmark, Press Inquiries, Tel: +46 704 26 45 45TELE2 IS ONE OF EUROPE'S LEADING TELECOMOPERATORS, ALWAYS PROVIDING THE BEST DEAL. We have 26 millioncustomers in 10 countries. Tele2 offers mobile services, fixedbroadband and telephony, data network services, cable TV and contentservices. Ever since Jan Stenbeck founded the company in 1993, it hasbeen a tough challenger to the former government monopolies and otherestablished providers. Tele2 has been listed on the NASDAQ OMXStockholm since 1996. In 2008, we had net sales of SEK 38.3 billionand reported an operating profit (EBITDA) of SEK 8.2 billion.http://hugin.info/133413/R/1360894/332249.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 14.12.2009 - 08:21 Uhr
Sprache: Deutsch
News-ID 9574
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