T-Mobile to buy Austrian cable operator for $2.3 billion
Deutsche Telekom's T-Mobile Austria unit has announced plans to buy cable operator UPC Austria in a deal that values the company at 1.9 billion euros ($2.3 billion.)
T-Mobile said Friday that buying UPC Austria, an indirect subsidiary of Liberty Global plc, will enable it to mount a stronger challenge to current market leader A1 Telekom Austria.
It will allow the unit of Germany's Deutsche Telekom to offer a broader range of mobile, fixed-line, internet and TV services.
T-Mobile says it expects the deal, which requires approval by antitrust authorities, to close in the second half of next year.
© 2017 The Associated Press. All rights reserved.
Citation:
T-Mobile to buy Austrian cable operator for $2.3 billion (2017, December 22)
retrieved 25 April 2024
from https://phys.org/news/2017-12-t-mobile-austrian-cable-billion.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no
part may be reproduced without the written permission. The content is provided for information purposes only.
