je.st
news
Macedonia operators Vip, One agree merger
2014-10-22 15:50:00| Telecompaper Headlines
(Telecompaper) Telekom Austria Group and Telekom Slovenije Group have agreed to merge their subsidiaries Vip Operator and One, both operating in the Republic of Macedonia. Telekom Austria Group will hold 55 percent and have sole control over the newly created entity, whereas Telekom Slovenije will hold 45 percent. The agreement also includes call and put options for the exit of Telekom Slovenije from the joint venture within three years from closing of the merger. The transaction is subject to due diligence of One, expected to be finalised by mid-November, when further information will be provided. Regulatory clearance and closing of the deal is expected for Q1 2015.
Tags: agree
vip
operators
macedonia
Category:Telecommunications