GTS to Acquire Contactel
Prague, November 29, 2005
GTS Central Europe Holdings BV (GTS CE) has entered into an agreement to acquire 100% of the shares in Contactel. The agreement is subject to Czech Anti-Monoply approval. Contactel is a wholly owned subsidiary of TDC - the leading provider of communications solutions in Denmark.
GTS Novera is the leading alternative provider of telecommunications solutions for business in the Czech Republic. GTS Novera is a wholly owned subsidiary of GTS CE.
"This acquisition is another milestone for GTS Novera in the process of gradual consolidation of the Czech telecommunication market" commented Milan Rusnák, Chief Executive of GTS Novera. "Contactel will bring a significant contribution in terms of technology, operations and customers. Its acquisition is an important step towards the achievement of our longer term strategy of being the provider of choice of telecommunications solutions for business in Czech Republic", continued Milan Rusnák.
GTS Novera was formed in 2005 through the merger of two telecommunication operators - GTS Czech and Aliatel. GTS Novera is a provider of a portfolio of complex voice, data and Internet services with guaranteed quality. GTS Novera is member of Central Europe's largest regional alternative operator namely GTS CE. GTSCE operates telecom service providers in Czech Republic, Poland, Hungary, Romania and Slovakia. In addition, GTSCE provides service to customers in Ukraine, Latvia, Slovenia, Bulgaria, Croatia and Serbia.
About GTS
GTS Central Europe is a leading provider of integrated telecommunications services in Central and Eastern Europe. GTS owns and operates an extensive fiber optic and data center network throughout the region. In the Czech Republic, Hungary, Poland, Romania and Slovakia, the company combines its regional footprint with deep local networks to deliver a broad range of services. From basic voice and data to complex virtual private networks and managed data center services, GTS assembles the latest technology with its extensive network to provide industry-leading customer solutions. Wit a rich operating history of nearly 20 years in CEE, the company is committed to providing service excellence and value to its 30,000 government, carrier and business customers. GTS is owned by a consortium of leading international private equity firms with extensive experience in the communications and technology industries. For more information, please visit us at www.gtsce.com.
