Falcon Group has agreed to sell its 39.23% stake in T-Mobile Czech Republic to Deutsche Telekom for €828 million, marking a significant exit for MidEuropa.
Target Information
The Falcon Group, which is a consortium of investors predominantly managed by MidEuropa, is selling its entire 39.23% stake in T-Mobile Czech Republic, a.s. (commonly referred to as TMCZ). The total transaction value is €828 million, and it is expected to close by the end of February. Since acquiring its stake in 2006, Falcon Group has significantly contributed to TMCZ's growth into the leading mobile communication service provider in the Czech Republic, boasting over 5.8 million subscribers and successfully expanding into fixed-line and B2B segments.
MidEuropa's partner, Nikolaus Bethlen, expressed satisfaction with this successful exit. He praised TMCZ's management and staff for their dedication and achievements, contributing to the company's substantial growth and market leadership in mobile communication within the region.
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Industry Overview in the Czech Republic
The telecommunications industry in the Czech Republic has seen robust growth and transformation over the past decade. With a strong emphasis on digitalization and the increasing demand for mobile and broadband servi
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Deutsche Telekom
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T-Mobile Czech Republic, a.s.
in 2023
in a Buyout deal
Disclosed details
Transaction Size: $828M