Hawe Telekom Sp Z O O agreed to acquire MediaTel Spolka Akcyjna (WSE:MTL) from Magna Polonia S.A. (WSE:06N) in a reverse merger transaction on May 28, 2013. Under the terms of the agreement, Mediatel will issue PLN 212 million worth of shares under a tripartite agreement with Hawe SA, parent of Hawe Telekom and Magna Polonia. Post issuance, Mediatel share capital may go up to 223.18 million shares with Hawe SA holding 94% stake in Mediatel while Magna Polonia's stake will decline from 59.44% to 2.4%. The acquisition is subject to due diligence and approval of anti-monopoly authorities. The deal is expected to close in six months. Piotr Kolodziejczyk of Clairfield Partners LLC acted as financial advisor to HAWE Telekom Sp. z o.o.

Hawe Telekom Sp Z O O cancelled the aquisition of MediaTel Spolka Akcyjna (WSE:MTL) from Magna Polonia S.A. (WSE:06N) in a reverse merger transaction on July 3, 2013.