Mid Europa Completes Sale of Its Stake in T-Mobile Czech Republic to Deutsche Telekom

Falcon Group, a consortium of investors 75% controlled by funds managed or advised by Mid Europa Partners (“Mid Europa”), announced today that it has completed the sale of its entire 39.23% stake in T-Mobile Czech Republic, a.s. (“TMCZ”) to Deutsche Telekom for a total consideration of €828 million. The sale of TMCZ to Deutsche Telekom was first announced on 10 February 2014.

T-Mobile Czech Republic is the leading provider of nation-wide mobile telecommunications services in the Czech Republic, and also provides combined fixed, mobile and IT solutions to individual and business customers.

Source: Press Release on www.mideuropa.com

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