BERLIN: 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.
Saturday, 23 December 2017
T-Mobile to buy Austrian cable operator for $2.3 billion
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment