LINK signs Term Sheet regarding acquisition of Teracomm Companies

LINK Mobility Group ASA has entered into a term sheet regarding the acquisition of South-Eastern European mobile messaging activities owned by Allterco JSCo

LINK Mobility Group ASA, one of Europe's leading and fastest growing providers of B2C mobile messaging and mobile services, has entered into a term sheet regarding the acquisition of South-Eastern European mobile messaging activities currently owned by Allterco JSCo and operated by Tera Communications AD, Teravoice EAD, Allterpay EOOD, Teracomm RO SRL and Tera Communications DOOEL (together the "Teracomm Companies").

The Teracomm Companies are among the leading providers of mobile services in the region, offering sound technical solutions to respond to the business needs of its clients and partners.
The agreed enterprise value of the transaction is EUR 8.8 million, on a cash-free and debt-free basis and assuming a normalised level of working capital.

Aabø-Evensen & Co is acting as legal advisor to Link Mobility Group ASA in connection with the transaction.

To view the stock exchange notice, please click here