- 3 Scenarios Lear Capital Founder Kevin DeMeritt Says Precious Metals Could Protect Against
- Tips To Increase Your Appointment Setting Conversion Rate in 2022 According to Bruntwork
- Amazon FBA, Shipping, Receiving: Kitting and Assembly Solutions Keeps it All Signed, Sealed and Delivered for a Global Marketplace On the Go
Three major players partition auctioned spectrum in Austria
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..