Telecom Italia International N.V. successfully complete sale of 15% Telekom Austria ahead of time

11/05/2002 - 10:31 AM

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In the wake of high demand from European and US institutional investors, Telecom Italia International N.V. yesterday closed the accelerated private placement of 65 million Telekom Austria AG shares, with a greenshoe option for a further 10 million shares exerciseable within 30 days. The placement was closed on the first day of what had initially been scheduled to be a two-day offer period. The placement price, at €7.45 per share, was at the upper limit of the range announced to investors. Settlement is scheduled for Friday 8th November; inclusive of the greenshoe option, gross aggregate revenues should be in the region of €558,750,000.

JP Morgan, Merrill Lynch and Lehman Brothers served as Global Coordinators for this operation. Syndicate members are JP Morgan and Merrill Lynch as Joint Bookrunners and Joint Lead Managers, Lehman Brothers as Senior Co-Lead Manager, CA IB as Co-Lead Manager and Banca IMI and UBM as Co-Managers.

Today Telekom Austria is lodging an application for the listing of 325 million Telekom Austria AG shares on the official market of the Vienna Stock Exchange. These shares are scheduled to be traded for the first time on Wednesday 6 November.

This operation brings the Telecom Italia Group close to completing its €5 billion disposals plan within 12 months, far in advance of the 24 months stated in the initial announcement. 

Rome,  5 November 2002

This document does not constitute or contain an offer to sell or a solicitation of an offer to buy any securities in the United States, in Austria or elsewhere. The ordinary shares of Telekom Austria AG have not been and will not be registered under the United States Securities Act of 1933 and may not be offered or sold in the United States or for the account or benefit of U.S. persons (as such terms are defined in Regulation S under the United States Securities Act of 1933) unless registered under the Securities Act or pursuant to an applicable exemption from such registration. In Austria, the ordinary shares of Telekom Austria AG have been offered exclusively by way of a non public offering to a limited circle of persons within the scope of their business or professional activity according to Section 3/1/11 of the Austrian Capital Market Act.

In the wake of high demand from European and US institutional investors, Telecom Italia International N.V. yesterday closed the accelerated private placement of 65 million Telekom Austria AG shares, with a greenshoe option for a further 10 million shares exerciseable within 30 days. The placement was closed on the first day of what had initially been scheduled to be a two-day offer period. The placement price, at €7.45 per share, was at the upper limit of the range announced to investors. Settlement is scheduled for Friday 8th November; inclusive of the greenshoe option, gross aggregate revenues should be in the region of €558,750,000.

JP Morgan, Merrill Lynch and Lehman Brothers served as Global Coordinators for this operation. Syndicate members are JP Morgan and Merrill Lynch as Joint Bookrunners and Joint Lead Managers, Lehman Brothers as Senior Co-Lead Manager, CA IB as Co-Lead Manager and Banca IMI and UBM as Co-Managers.

Today Telekom Austria is lodging an application for the listing of 325 million Telekom Austria AG shares on the official market of the Vienna Stock Exchange. These shares are scheduled to be traded for the first time on Wednesday 6 November.

This operation brings the Telecom Italia Group close to completing its €5 billion disposals plan within 12 months, far in advance of the 24 months stated in the initial announcement. 

Rome,  5 November 2002

This document does not constitute or contain an offer to sell or a solicitation of an offer to buy any securities in the United States, in Austria or elsewhere. The ordinary shares of Telekom Austria AG have not been and will not be registered under the United States Securities Act of 1933 and may not be offered or sold in the United States or for the account or benefit of U.S. persons (as such terms are defined in Regulation S under the United States Securities Act of 1933) unless registered under the Securities Act or pursuant to an applicable exemption from such registration. In Austria, the ordinary shares of Telekom Austria AG have been offered exclusively by way of a non public offering to a limited circle of persons within the scope of their business or professional activity according to Section 3/1/11 of the Austrian Capital Market Act.

In the wake of high demand from European and US institutional investors, Telecom Italia International N.V. yesterday closed the accelerated private placement of 65 million Telekom Austria AG shares, with a greenshoe option for a further 10 million shares exerciseable within 30 days. The placement was closed on the first day of what had initially been scheduled to be a two-day offer period. The placement price, at €7.45 per share, was at the upper limit of the range announced to investors. Settlement is scheduled for Friday 8th November; inclusive of the greenshoe option, gross aggregate revenues should be in the region of €558,750,000.

JP Morgan, Merrill Lynch and Lehman Brothers served as Global Coordinators for this operation. Syndicate members are JP Morgan and Merrill Lynch as Joint Bookrunners and Joint Lead Managers, Lehman Brothers as Senior Co-Lead Manager, CA IB as Co-Lead Manager and Banca IMI and UBM as Co-Managers.

Today Telekom Austria is lodging an application for the listing of 325 million Telekom Austria AG shares on the official market of the Vienna Stock Exchange. These shares are scheduled to be traded for the first time on Wednesday 6 November.

This operation brings the Telecom Italia Group close to completing its €5 billion disposals plan within 12 months, far in advance of the 24 months stated in the initial announcement. 

Rome,  5 November 2002

This document does not constitute or contain an offer to sell or a solicitation of an offer to buy any securities in the United States, in Austria or elsewhere. The ordinary shares of Telekom Austria AG have not been and will not be registered under the United States Securities Act of 1933 and may not be offered or sold in the United States or for the account or benefit of U.S. persons (as such terms are defined in Regulation S under the United States Securities Act of 1933) unless registered under the Securities Act or pursuant to an applicable exemption from such registration. In Austria, the ordinary shares of Telekom Austria AG have been offered exclusively by way of a non public offering to a limited circle of persons within the scope of their business or professional activity according to Section 3/1/11 of the Austrian Capital Market Act.

In the wake of high demand from European and US institutional investors, Telecom Italia International N.V. yesterday closed the accelerated private placement of 65 million Telekom Austria AG shares, with a greenshoe option for a further 10 million shares exerciseable within 30 days. The placement was closed on the first day of what had initially been scheduled to be a two-day offer period. The placement price, at €7.45 per share, was at the upper limit of the range announced to investors. Settlement is scheduled for Friday 8th November; inclusive of the greenshoe option, gross aggregate revenues should be in the region of €558,750,000.

JP Morgan, Merrill Lynch and Lehman Brothers served as Global Coordinators for this operation. Syndicate members are JP Morgan and Merrill Lynch as Joint Bookrunners and Joint Lead Managers, Lehman Brothers as Senior Co-Lead Manager, CA IB as Co-Lead Manager and Banca IMI and UBM as Co-Managers.

Today Telekom Austria is lodging an application for the listing of 325 million Telekom Austria AG shares on the official market of the Vienna Stock Exchange. These shares are scheduled to be traded for the first time on Wednesday 6 November.

This operation brings the Telecom Italia Group close to completing its €5 billion disposals plan within 12 months, far in advance of the 24 months stated in the initial announcement. 

Rome,  5 November 2002

This document does not constitute or contain an offer to sell or a solicitation of an offer to buy any securities in the United States, in Austria or elsewhere. The ordinary shares of Telekom Austria AG have not been and will not be registered under the United States Securities Act of 1933 and may not be offered or sold in the United States or for the account or benefit of U.S. persons (as such terms are defined in Regulation S under the United States Securities Act of 1933) unless registered under the Securities Act or pursuant to an applicable exemption from such registration. In Austria, the ordinary shares of Telekom Austria AG have been offered exclusively by way of a non public offering to a limited circle of persons within the scope of their business or professional activity according to Section 3/1/11 of the Austrian Capital Market Act.