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Dorda Advises Citigroup GME and Erste Group Bank on Telekom Austria Tower Business Demerger and Listing

Dorda Advises Citigroup GME and Erste Group Bank on Telekom Austria Tower Business Demerger and Listing

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Dorda, working with Clifford Chance's Frankfurt office, has advised financial advisor Citigroup Global Markets Europe and co-financial advisor Erste Group Bank on the demerger of the telecommunications tower business of listed Telekom Austria Aktiengesellschaft and the subsequent admission of 166 million shares of the newly formed EuroTeleSites to trading on the Official Market of the Vienna Stock Exchange. CMS reportedly advised Telekom Austria.

Citigroup Global Markets provides banking and financial services.

Telekom Austria is a provider of a range of fixed-line, broadband Internet, multimedia services, data, and IT systems, wholesale and through mobile payment services.

The newly formed EuroTeleSites offers solutions and services to deploy and support wireless networks in six countries in the CEE region: Austria, Bulgaria, Croatia, Slovenia, North Macedonia, and Serbia. Its portfolio includes about 13.200 communications sites.

The Dorda team included Partner Tibor Varga and Attorney at Law Safiye Unuvar.

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