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.

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