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·  December 5th, 2006 , Barcelona

abertis telecom press release

abertis telecom has today sealed a framework agreement in which it undertakes to purchase a 32% stake (at 15.5€ per share) plus voting rights in Eutelsat Communications SA, from three minority shareholders - Nebozzo, CB Luxembourg III and GSCP 2000 Eurovision Holding. The operation is subject to approval by anti-trust authorities.

abertis has no current plans to increase its holding in the capital of Eutelsat Communications SA nor does it intend to make a public takeover bid.

For its part, abertis telecom has signed a purchase undertaking agreement with, at market value, which refers to 3.5% of Eutelsat SA, a subsidiary of Eutelsat Communications SA, to be available to Nebozzo following agreement with a minority shareholder of the said company. In parallel, and following this, Nebozzo undertakes to sell to abertis telecom, at the same price, around 2.1% of this holding

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