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Dorda Advises Citigroup GME and Erste Group Bank on Telekom Austria Tower Business Demerger and Listing

Dorda Advises Citigroup GME and Erste Group Bank on Telekom Austria Tower Business Demerger and Listing

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Dorda, working with Clifford Chance's Frankfurt office, has advised financial advisor Citigroup Global Markets Europe and co-financial advisor Erste Group Bank on the demerger of the telecommunications tower business of listed Telekom Austria Aktiengesellschaft and the subsequent admission of 166 million shares of the newly formed EuroTeleSites to trading on the Official Market of the Vienna Stock Exchange. CMS reportedly advised Telekom Austria.

Citigroup Global Markets provides banking and financial services.

Telekom Austria is a provider of a range of fixed-line, broadband Internet, multimedia services, data, and IT systems, wholesale and through mobile payment services.

The newly formed EuroTeleSites offers solutions and services to deploy and support wireless networks in six countries in the CEE region: Austria, Bulgaria, Croatia, Slovenia, North Macedonia, and Serbia. Its portfolio includes about 13.200 communications sites.

The Dorda team included Partner Tibor Varga and Attorney at Law Safiye Unuvar.

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CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

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