Austria gets US$2.7b in airwave sale

VIENNA: Telekom Austria AG and local units of Hutchison Whampoa Ltd and Deutsche Telekom AG tightened their hold on the Alpine republic’s mobile-phone market in a spectrum auction that raised ¤2 billion, or US$2.7 billion (RM8.7 billion). Telekom Austria bought half of the 28 available frequency blocks for ¤1.

Posted: 2013-10-22 18:00:00

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