Release of 21.07.2020
As already announced in August 2019, the Principality of Liechtenstein is now 100% shareholder of Telecom Liechtenstein AG (TLI) as of July 21, 2020 and has acquired the 24.9% of A1 Telekom Austria Group (A1TAG).
Since 2014 there has been a strategic partnership between Telecom Liechtenstein AG and Mobilkom Beteiligungsgesellschaft mbH, a 100% subsidiary of the A1 Telekom Austria Group. The Principality of Liechtenstein as majority shareholder held 75.1% of TLI and Mobilkom Beteiligungsgesellschaft mbH 24.9%.
Due to the group structure and the investment portfolio of the A1 Telekom Austria Group, the strategic continuation of this minority stake in TLI was no longer pursued. The partnership entered into in 2014 provided for an ordinary termination option after five years in accordance with the shareholder agreement, which the A1 Telekom Austria Group exercised in 2019. A further cooperation, especially on a technical-operational level (without capital interlocking), was successfully agreed between TLI and the A1 Telekom Austria Group.
As A1TAG's stake in Telecom Liechtenstein is a minority interest, it was not fully consolidated in A1TAG's consolidated results and therefore has no impact on consolidated revenues or A1TAG's operating result (EBIT). Only TLI's pro rata result was shown in the financial result and thus in A1TAG's consolidated profit.