New entry on the Vienna Stock Exchange

The reference price for the EuroTeleSites shares was set on Thursday evening at 4.95 euros per share.
Since the announcement of the Funkturm subsidiary’s IPO at the end of June, Telekom Austria’s share price has risen by around twelve percent to 7.67 euros. The ownership structure of EuroTeleSites corresponds to that of the parent company: The Mexican telecommunications company America Movil holds 56.55 percent, the state holding company ÖBAG has 28.42 percent, and there is 15.03 percent in free float. By spinning off its radio tower business, the A1 Group will get rid of one billion euros in debt in one fell swoop, which will be transferred to the new infrastructure company. According to the company, EuroTeleSites’ annual turnover amounts to 230 million euros. “We expect revenue growth of four to six percent per year for the next few years,” said EuroTeleSites CFO Lars Mosdorf at the Capital Markets Day. Two-thirds of the growth will be driven by the anchor tenant A1 and by the 5G expansion. Around 1,000 additional locations are planned.