OREANDA-NEWS. May 04, 2009. AS Eesti Telekom Council has given the Board approval to initiate mergers and enter into relevant agreements with the goal to simplify  Eesti Telekom Group structure, by merging AS EMT with its 100% subsidiaries EMT Esindused AS and AS Mobile Wholesale, and Elion Ettevotted AS with its 100% subsidiary Elion Esindus AS.  The aim is to achieve greater efficiency in business processes, reported the press-centre of Eesti Telekom.

The mergers are planned to be concluded by August 2009 at the latest.

AS EMT and Elion Ettevotted AS are wholly owned subsidiaries of AS Eesti Telekom.  The planned merger will not cause any changes in information disclosed to stock exchange as the results of EMT Group and Elion Group are already consolidated.