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Mid Europa Partners acquires additional stake in Falcon Group

Mid Europa Partners, a private equity firm which invests in Central and Eastern Europe, has completed the acquisition of an additional stake in Falcon Group, previously announced on 3 O

Mid Europa Partners, a private equity firm which invests in Central and Eastern Europe, has completed the acquisition of an additional stake in Falcon Group, previously announced on 3 October.

The stake has been acquired from their consortium partner Lehman Brothers, taking their ownership in the group to 74.6 per cent.

Falcon Group owns 100 per cent of Ceske Radiokomunikace and 39.2 per cent of T-Mobile Czech Republic, which it acquired in November 2006.

Ceske Radiokomunikace is a national provider of analogue and digital TV and radio broadcast transmission services and an alternative provider of telecommunications services in the Czech Republic.

T-Mobile Czech Republic provides mobile telecommunications services in the Czech Republic with approximately 5.4 million subscribers, representing approximately 40 per cent market share of subscribers, and is one of the few major CEE mobile assets not wholly-owned by a major operator.

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