News:Argos:Private Equity Consortium Acquires GTS Central Europe

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BUDAPEST, Hungary--(BUSINESS WIRE)-- GTS Central Europe (GTS CE), a subsidiary of Group Menatep Limited (GML), has sold 100 percent of the shares in GTS CE to a consortium of private equity funds, including Columbia Capital, M/C Venture Partners, Innova Capital, HarbourVest Partners, Oak Investment Partners and Bessemer Venture Partners (the Consortium).

GTS CE is an alternative telecom service operator with operations principally in the Czech Republic, Poland, Hungary, Romania and Slovakia. The company focuses on the business and wholesale customer segments. GTS CE also operates in the Ukraine, Latvia, Slovenia, Bulgaria, Croatia and Serbia. GTS CE achieved approximately EUR 400m of revenues and EUR 70m of EBITDA in 2007.




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