Telekom Austria's Tower Business Listing Expected Around Sept. 22
12 September 2023 - 12:00PM
Dow Jones News
By Cecilia Butini
Telekom Austria said Tuesday that it expects its tower business
EuroTeleSites to be listed on the Vienna Stock Exchange on or about
Sept. 22, following the business's spin off.
Telekom Austria shareholders will receive one additional
EuroTeleSites share for every four Telekom Austria shares held, the
telecom operator said, adding that there will no change to the
listing of its own shares on the Vienna Stock Exchange.
The tower business's spinoff is expected to take place just
before the end of the third reporting quarter of Telekom Austria,
the company said.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
September 12, 2023 06:45 ET (10:45 GMT)
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