Austria has seen the number of mobile operators cut from four to three after Hutchison 3G Austria Holdings completed its drawn out acquisition of Orange Austria on Thursday.

In a separate deal, Telekom Austria also completed its purchase of YESSS! Telekommunikation.

H3G Austria has bought Orange Austria from France Telecom-Orange and Mid Europa Partners (MEP) for €1.3 billion, the companies confirmed.

The deal was completed after it was given the go-ahead from regulatory and anti-trust authorities in Austria and the EU.

Private equity firm MEP was Orange Austria's majority owner, holding a 65 percent stake in the company, while FT-O held a 35 percent stake.

The deal, which has generated €70 million in cash proceeds for the FT-O, will see H3G become Austria's third largest mobile operator with around a quarter of the market.

Jan Trionow, CEO of H3G Austria, said he was happy to complete the takeover after a lengthy regulatory process.

He added that the company will now focus on its future role as one of the key operators in the Austrian market.

The company said it will make significant investments in the central European country, as it vowed to provide its customers with fast, reliable and high-quality mobile internet access.

Meanwhile, Orange Austria completed its sale of discount brand YESSS! to Telekom Austria.

This sale came after Telekom Austria signed a €390 million agreement in February 2012, which allowed it to buy the discount mobile phone provider, along with base station sites, frequencies and a number of other intellectual property rights, from Orange Austria.

“With this transaction we are able to strengthen our position as the market leader in Austria and can now put all our focus on rolling out the next generation mobile network (LTE)”, said Hannes Ametsreiter, CEO of Telekom Austria Group.

The telecommunications market in Austria, a country with a population of just 8.4 million, is very competitive, with operators offering a range of all-inclusive deals from as little as €7 a month.

Have you signed up to attend our enterprise opportunity seminar on 29 Jan? Click here for full details

More News

WhatsApp unveils new app for small businesses WhatsApp unveils new app for small businesses WhatsApp has revealed details of its plans to target the enterprise market with the launch of a dedicated app. More detail
Work together to boost sponsored data, analysts urge operators Work together to boost sponsored data, analysts urge operators Operators need to work harder to promote the benefits of sponsored data, according to a new report. More detail
Vodafone talks up fixed access network slicing potential after successful trial Vodafone talks up fixed access network slicing potential after successful trial Vodafone has tested a new network slicing technology in Ireland that it claims will support new business models and potentially aid the deployment of fibre networks. More detail
Vodafone, CityFibre choose MK for FTTH debut Vodafone, CityFibre choose MK for FTTH debut Milton Keynes has been chosen as the first UK town to benefit from the fibre broadband joint venture between Vodafone and CityFibre. More detail
Iliad appoints 29-year-old to run new opco in Italy Iliad appoints 29-year-old to run new opco in Italy Iliad has sprung a surprise by appointing a novice to run its soon-to-be launched mobile subsidiary in Italy. More detail
    

@eurocomms