Atlant Telecom and TeleSet are the leading privately owned fixed-line operators in Belarus offering fixed-line broadband, IPTV and cable TV, as well as a video and audio library. As of year-end 2015, Atlant Telecom and TeleSet had approximately 125,700 fixed broadband and 46,000 cable TV customers.

In 2015, Atlant Telecom and TeleSet generated revenues and an EBITDA of approximately EUR 16 mn and EUR 4 mn respectively.

The acquisition of Atlant Telecom and TeleSet is a further step in Telekom Austria Group's convergence strategy. It allows Telekom Austria Group to develop its Belarusian subsidiary velcom from a mobile-only player into a fully converged operator.

Telekom Austria Group will finance the transaction via existing cash flow; the closing is expected in the next days.

Disclaimer for forward-looking statements:
This document contains forward-looking statements. These forward-looking statements are usually accompanied by words such as 'believe', 'intend', 'anticipate', 'plan', 'expect' and similar expressions. Actual events may differ materially from those anticipated in these forward-looking statements as a result of a number of factors. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results or outcomes to differ materially from those expressed in any forward-looking statement. Neither Telekom Austria nor any other person accepts any liability for any such forward-looking statements. Telekom Austria will not update these forward-looking statements, whether due to changed factual circumstances, changes in assumptions or expectations. This report does not constitute a recommendation or invitation to purchase or sell securities of Telekom Austria.

Telekom Austria AG published this content on 30 November 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 November 2016 09:17:09 UTC.

Original documenthttp://www.telekomaustria.com/en/newsroom/2016-11-30-telekom-austria-group-acquires-fixed-line-operators-atlant-telecom-and-teleset-in-belarus

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