Cosmote Buys Zapp

OTE SA announces that its subsidiary Cosmote signed a share purchase agreement for the acquisition of Telemobil

July 6, 2009

1 Min Read

ATHENS -- The Greek full-service telecommunications provider OTE SAannounces that its subsidiary Cosmote signed in Bucharest yesterday a share purchaseagreement for the acquisition of Telemobil S.A. (Zapp) in Romania.

The consideration for the shares of Zapp is estimated at approximately €61 mn (equityvalue), while Cosmote will also assume the debt and other liabilities of Zapp, mainlyconcerning 3G and CDMA network roll out, estimated at approximately €146 mn.

Citigroup Global Markets Limited (CITI) and N M Rothschild and Sons Limited acted asCosmote’s financial advisors for the transaction.

OTE S.A.

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