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Mid Europa Announces the Completion of the Recapitalisation of its Stake in T-Mobile Czech Republic

12 July 2012

Falcon, an entity controlled by funds managed or advised by Mid Europa Partners ("Mid Europa"), which holds a 39.2% stake in T-Mobile Czech Republic ("TMCZ"), announced today the successful syndication of an additional CZK 875 million (approximately €35 million) of its senior facility to Volksbank, thereby increasing total commitments under the facility to CZK 10 billion (approximately €400 million). Net proceeds will be distributed to Falcon's shareholders.

In January 2012, Falcon raised CZK 9.125 billion (approximately €365 million) through a senior facility underwritten by a group of six local and international banks (Citi, CSOB, Erste Group Bank/Ceska sporitelna, ING Bank, Raiffeisen Bank International, and Société Générale) and coordinated by Erste Group Bank and CSOB. The financing allowed for an increase in the total commitments to up to CZK 10 billion.

Falcon acquired the 39.23% stake in TMCZ in 2006 together with 100% of Ceske Radiokomunikace, a.s. ("CRa"), the leading provider of nation-wide broadcasting and telecommunications tower infrastructure in the Czech Republic.  In January 2011, Falcon sold CRa for a total consideration of approximately €574 million.


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