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.

See also