Telekom Austria, Telekom Slovenije to merge Macedonia units

Telekom Slovenije, D.d

22/10/2014 13:41

VIENNA, Oct 22 (Reuters) - Telekom Austria  TELA.VI  has 
agreed to merge its Vip Operator unit in Macedonia with Telekom 
Slovenije's  TLSG.LJ  One unit there, the Austrian group said 
Wednesday. 
    Telekom Austria said in a statement it would hold 55 percent 
of the merged group and run the operation, while Telekom 
Slovenije would hold 45 percent. It gave no financial terms for 
the transaction, which it said could close by the first quarter 
of 2015 pending due diligence reviews and regulatory approval. 
 
 (Reporting by Michael Shields, editing by Louise Heavens) 
 ((Michael.Shields@thomsonreuters.com; +43 1 531 12 258; Reuters 
Messaging: michael.shields.thomsonreuters.com@reuters.net)) 
 
Keywords: TELEKOM AUSTRIA TELEKOM/MACEDONIA