A1 welcomes decision to establish radio tower company



At the Supervisory Board meeting of A1 Telekom Austria Group on February 20, 2023, it was decided to spin off the radio masts into a separate company while maintaining the ownership structure.
The subject of the transaction is around 12,900 cell towers in Austria, Bulgaria, Croatia, Serbia, Slovenia and Northern Macedonia. In the course of the spin-off, the shareholders of Telekom Austria AG are to receive shares in the new tower company in proportion to their existing shareholdings, which is to be listed on the Vienna Stock Exchange in the same way as Telekom Austria.
 
Thomas Arnoldner, CEO of A1 Group: "We welcome this decision to spin off the passive infrastructure into a separate company. It offers strategically important perspectives and a long-term stable ownership structure. It will make our network rollout faster and more efficient, which will benefit our customers and the business location."

Alejandro Plater, COO of A1 Group: "With this important step for the future, we are creating more transparency and generating better use of existing assets. At many large national and international telecommunications providers in Europe and also in Austria, this is already lived practice or has been started. We are now also following this example."