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 enable Germany’s Deutsche Telekom unit to provide a broader range of cell, constant-line, Internet, and TV services. T-Mobile expects the deal, which requires approval with the antitrust government’s aid, to close within the second half of next yr.
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