Regions

Three major players partition auctioned spectrum in Austria

Close
October 21
8:25 PM 2013

The Alpine republic's mobile phone market had three major players, namely Telekom Austria AG, the local subsidiaries of Hutchison Whampoa Ltd and Deutsche Telekom AG. The three were the participants in a spectrum auction that helped raise EUR2.01 billion or USD2.75 billion.

The regulatory authority, Rundfundk and Telekom Regulierungs reported that Telekom Austria purchased half if the available frequencies for EUR1.03 billion. Deutsche Telekom T-Mobile spent EUR654 million on nine blocks while Hutchison's unit Three paid EUR330 million for the remaining five blocks.

The said auction is the largest in Austria's history. It was delayed for a full year after Hutchison entered into an agreement to purchase Orange Austria from Mid Europa Partners LLP back in 2012. The three firms were the only mobile service providers remaining after the takeover with not other participants contributing to the fund which according to the regulators was worth a combined EUR526 million from all its participants..

© 2022 VCPOST, All rights reserved. Do not reproduce without permission.
Tags
Share

Comments

Join the Conversation

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics