Mid Europa exits T-Mobile Czech Republic

Europe-focused buyout firm Mid Europa has agreed to sell its stake in T-Mobile Czech Republic to Deutsche Telekom for a total consideration of 828 million euros. The transaction is expected to close by the end of February. T-Mobile Czech Republic is a provider of mobile telecommunications services in the Czech Republic.


Falcon Group, a consortium of investors 75% controlled by funds managed or advised by Mid Europa Partners (“Mid Europa”), announced today that it has entered into a binding agreement to sell its entire 39.23% stake in T-Mobile Czech Republic, a.s. (“TMCZ” or the “Company”) to Deutsche Telekom for a total consideration of €828 million. Closing of the transaction is expected by the end of February.
Nikolaus Bethlen, Partner of Mid Europa commented: “We are delighted to announce another successful exit for Mid Europa. Since our original acquisition of the stake in the Company in 2006, TMCZ has become the market leader in mobile communication services in the Czech Republic, growing to more than 5.8 million subscribers and successfully diversifying into fixed line and B2B services. We would like to thank everyone at TMCZ for their contribution and achievements over the past several years and wish them continued success.”
Robert Chmelar, Associate Director of Mid Europa, noted: “The successful sale of our stake in TMCZ is yet another landmark deal executed by Mid Europa in the Czech Republic, which continues to be one of the core markets for our firm.”
The transaction was executed by Robert Chmelar, Ratko Jovic and Evtim Chesnovski from Mid Europa.
Mid Europa Partners is a leading independent private equity firm focused on Central and Eastern Europe and Turkey. Operating from London, Budapest, Warsaw and Istanbul, Mid Europa Partners advises and manages funds of approximately €4 billion in aggregate. The Mid Europa Partners team has been investing in the region since 1999.
T-Mobile Czech Republic is the leading provider of nation-wide mobile telecommunications services in the Czech Republic, and also provides combined fixed, mobile and IT solutions to individual and business customers.