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Closing: Merger of ALBtelecom and ONE Telecommunications Now Closed

Closing: Merger of ALBtelecom and ONE Telecommunications Now Closed

Albania
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On January 20, 2023, Wolf Theiss announced that the merger of ALBtelecom and ONE Telecommunications (reported by CEE Legal Matters on May 17, 2022) has now closed.

According to Wolf Theiss, “the new integrated company ONE Albania SHA is set to become one of the most important players in the Albanian market.” 

As previously reported, Wolf Theiss and Yavuz & Uyanik & Akalin advised on 4iG’s acquisition of an 80.27% stake in AlbTelecom from a subsidiary of Turkey's Calik Holding, which was followed by AlbTelecom’s merger with ONE Telecommunications. Tashko Pustina reportedly advised the sellers.

The deal was cleared by the Albanian Competition Authority on March 4, 2022.

4iG Nyrt is a Hungarian stock exchange-listed IT and Technology group.

AlbTelecom is a landline voice, internet, and TV provider in Albania. One Telecommunications is an Albanian mobile telecom operator.

Calik Holding is a Turkish privately held industrial group.

Wolf Theiss’ team included Managing Partner Sokol Nako and Associate Kristaq Profkola.

Wolf Theiss at a Glance

With over 360 lawyers in 13 countries, over 80% of the firm’s work involves cross-border representation of international clients. We have concentrated our energies on a unique part of the world: the complex, fast-developing markets of the CEE/SEE region. Through our international network of offices, we work closely with our clients to develop innovate solutions that integrate legal, financial, and business know-how.

Wolf Theiss provides fully integrated corporate services in mergers and acquisitions, private equity, real estate, banking and finance, tax and insurance, employment law, competition law, energy law, privatisation, restructuring, public procurement and litigation. At Wolf Theiss, we measure our success by the success of our clients. We align our goals with yours to ensure that your needs are being met in even the most complex of cross-border matters. This means that we know how to listen to you and help you use the assets you already have while finding opportunities.

Firm's website:

Wolf Theiss – Leading Lawyers in CEE/SEE