Aero2 Sp. z o.o., the Polish mobile telecommunications company, has acquired Mobyland Sp. z o.o., the Poland based mobile phone operator, from Eutelia SpA, the listed Italian telecommunications company for a consideration of EUR 13m.

Aero2 has made an upfront payment of EUR 11m and balance EUR 2m will be payable after two months. The transaction is part of Eutelia's divestment strategy and will help it reduce its debt by EUR 13m with a possibility to reduce it by further EUR 1.6m based on future contracts of Mobyland.

In September 2008, Eutelia has signed a preliminary agreement with Zoo Network Sarl for the sale of Mobyland for EUR 34m, but the agreement was later cancelled.

~ Mergermarket

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