Tuesday, August 9, 2005

Deutsche Telekom Acquires Austria's tele.ring

Deutsche Telekom confirmed plans to acquire tele.ring, Austria's fourth largest mobile carrier, for EUR 1.3 billion.


tele.ring has approximately 968,000 customers and a market share of around 13%. Seventy-seven percent of its customers are contract subscribers and the average revenue per user (ARPU) of all tele.ring customers is EUR 39, which is EUR 4 higher than the Austrian market average.


Together, tele.ring and T-Mobile Austria will serve about 3 million customers.
http://www.telekom.de

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