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Closing: Merger of ALBtelecom and ONE Telecommunications Now Closed

Closing: Merger of ALBtelecom and ONE Telecommunications Now Closed

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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.

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