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Mid Europa Partners announces the acquisition of One GmbH, the third mobile operator in Austria

03 October 2007

Mid Europa Partners announced that on 2 October 2007, together with France Telecom, it completed the acquisition of 100% of Austrian mobile operator One GmbH.

Mid Europa Partners announced that on 2 October 2007, together with France Telecom, it completed the acquisition of 100% of Austrian mobile operator One GmbH from its existing shareholders for an enterprise value of about €1.4 billion. Mid Europa will be the controlling shareholder with a 65% stake in the company, alongside France Telecom with a 35% stake. One GmbH is the number three mobile operator in Austria with approximately 2 million subscribers.

The shareholders appointed Michael Krammer as the new CEO and Christian Fuchs as the new CFO of One GmbH. The new managers were previously the CEO and the CFO respectively of tele.ring in Austria, and subsequently of E-Plus in Germany.

Lazard acted as the financial advisor to the shareholders on this transaction, while Linklaters, Schoenherr and Berwin Leighton Paisner acted as the legal counsel.  Bank financing was provided by joint Mandated Lead Arrangers and Bookrunners The Royal Bank of Scotland, Societe Generale and Morgan Stanley.

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