Mobilkon has acquired a new strategic investor

PRAGUE, 7 February 2011

MobilKom a.s has acquired a strategic investor – Divenno Holdings Limited, which is owned by the companies Dial Telecom and Volný in the Czech Republic. Based on an agreement with the existing majority stockholder, Penta Investment Group, Divenno will be buying 100% of MobilKom’s stock. The current MobilKom management has played a significant role in the whole transaction, as it they who have done the mediation. The completion of the transaction is conditional on the agreement of the Office for the Protection of Competition and the China Development Bank, the financing bank of MobilKom, will express their opinion of it.

“The role of the financial investor – Penta – was fulfilled in the first start-up stage of the MobilKom project. Now comes a strategic investor, who has long-term telecommunication plans in the Czech Republic,” says Tomáš Budník, MobilKom CEO.

“Divenno is interested in strengthening its position on the Czech telecommunication market and the connection with a provider of a fixed infrastructure with a mobile operator is a good match,” says Zdeněk Sivek, Chairman of the Dial Telecom a.s. Board.

“Further cooperation with the MobilKom management is in the interests of the new owner, as it has proved its value during the last year, when it managed to significantly improve the performance of the company,” says Aleš Zeman, Vice-Chairman of the Dial Telecom a.s. Board.

“In the position of a financial investor, we have met our investment horizon in this project. After having built up the company and introduced it to the market, MobilKom now needs a long-term strategy. Therefore, we are happy to have acquired a strong investor in the field, together with their current management, which has excellent result as well as vision. It is a guarantee for the further successful development of the company,” says Martin Kúšik, a partner of the Penta Investment Group.

NOTICE: Until the transaction has been concluded, MobilKom, Penta, as well as any of the companies of Divenno Holding, will not provide any further information or comments out of the scope of this press release.

More information about MobilKom
MobilKom a.s. is a Czech mobile operator, which has been offering fast and cheap mobile internet and voice services under the U:fon brand since May 2007. Its CDMA2000 EVDO Rev A technology is a 3G data network comparable to UMTS or 02 CDMA. What has allowed MobilKom to build up a national CDMA mobile network was a license for national signal broadcasting in the 410-430 MHz frequency band, which the company obtained in 2006. Since 2010, MobilKom has been offering its voice and data service wholesale and, as the first in the Czech Republic, allows the rise of virtual operators in mobile networks. Its infrastructure is used by Vodafone, as one example. For more information, go to www.mobilkom.cz .

More information about Dial Telecom (representing Divenno Holdings Limited)
The joint-stock company Dial Telecom is a provider of a complex portfolio of voice, data and Internet services with guaranteed service availability all over the Czech Republic through its own unified optical network. The length of the provided optical cable routes of Dial Telecom currently amounts to 4,500 kilometers within the Czech Republic and 80 kilometers of the cable tracks consisting of approximately 7,700 kilometers of optical fibers within the metropolitan network in Prague.

More information about Penta Investments
Penta is a Central European investment group, established in 1994. It is active in the private equity and realty development sectors. In private equity, it controls the one and only fund of its five partners and company stockholders. Its portfolio companies employ more than twenty five thousand people and the consolidated revenues of these companies reached € 2.2 billion in 2009. Penta invests particularly into retail, healthcare, aircraft production, engineering, energetics, the entertainment industry, telecommunications and private banking. Penta started to invest in realty development in 2005 and is currently realizing 11 projects. Penta is active in more than ten European countries and has subsidiaries in Prague, Bratislava, Warsaw, Limassol and Amsterdam.