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.