T-Mobile Austria announced the acquisition of UPC Austria, the country’s leading cable provider and an indirect subsidiary of Liberty Global.
The combined company will be an integrated provider of mobile and fixed line broadband internet, IoT, mobile and fixed line telephony as well as TV- and entertainment products in Austria.
The company will bring quadruple play offerings to customers and will become a strong converged challenger and alternative to the incumbent A1 Telekom Austria.
The enlarged company will have approximately 6.7 million Revenue Generating Units (RGU’s, 3rd quarter 2017) thereof some 5.2 million T-Mobile Austria mobile customers.
UPC Austria is the largest cable operator in Austria with coverage of 36 percent of the households in the market, mostly in urban areas. With 1.5 million RGU’s the company is the number two in the Austrian broadband market with more than 0.5 million customers and the number one in the Premium-TV market with a customer base of some 0.4 million.
The combined revenue of both companies in 2017 is expected at EUR 1.2 billion based on pro-forma calculations.
Srini Gopalan, Board Member, Deutsche Telekom, Europe
With this acquisition Deutsche Telekom is taking another major step to realize our strategy to become a fully converged operator in our European footprint. The acquired cable network will be a perfect match with our best mobile network. It will allow customers to benefit from extended scope of services with fixed and mobile offerings from one source. We see a significant potential to accelerate growth in the Austrian market.
