COSMOTE announces that it received today the 399/1/16.8.2006 decision of the National Telecommunications and Post Commission (EETT), approving the acquisition of Germanos S.A. and its commercial agent, MOBILBEEP Ltd, subject to specific conditions that relate to issues of confidentiality, non discriminatory treatment of competitors and maintenance of the brand name "Germanos" for as long as agreements between Germanos S.A. and OTE Group's competitors are still valid; issues of maintaining separate price lists for each of COSMOTE's products, the offering of segregated COSMOTE's products and services and finally issues relating to EETT's right to evaluate and verify the adherence to these conditions anytime, to review the impact of the concentration on the specific markets and to impose additional conditions in the future. >br>These conditions do not affect COSMOTE's business plan regarding this acquisition. >br>Following this approval, and the approvals of the Bulgarian and Former Yugoslavian Republic of Macedonia competition authorities already received, the completion of the acquisition of 42% of Germanos S.A. share capital from Mr Panos Germanos and other shareholders, remains subject only to the approval of the Romanian competition authority, since the relevant unconditional approval has been granted today by the Ukrainian competition authority. >br>Following this, and in accordance with Greek laws and regulations, COSMOTE will proceed to a public tender offer to acquire the remaining outstanding shares of Germanos S.A. at 19 euro per share, as COSMOTE has already announced.