T-Mobile to shop for Austrian cable operator

4 Mins read

T-Mobile to shop for Austrian cable operator for $2.3 billion

BERLIN: Deutsche Telekom’s T-Mobile Austria unit has introduced plans to buy cable operator UPC Austria in a deal that values the agency at 1.Nine billion euros ($2.Three billion.)
T-Mobile said Friday that buying UPC Austria, an oblique subsidiary of Liberty Global p.C, will allow it to mount a more potent venture to current marketplace leader A1 Telekom Austria.
It will allow the unit of Germany’s Deutsche Telekom to provide a broader range of cell, constant-line, internet and TV services.
T-Mobile says it expects the deal, which requires approval with the aid of antitrust government, to close within the second half of next yr.
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