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Press Information
Vienna - 4 January 2013
- Closing of acquisition after approval of all relevant authorities completed on 3.1.2013
- 3 able to operate as a stronger player and third largest operator in the Austrian mobile market
- Growth strategy prepares the ground for rapid roll out of LTE
Hutchison 3G Austria (H3G), a wholly-owned subsidiary of Hutchison Whampoa Limited, completed with its closing of all contractual formalities on 3 January 2013, its acquisition of the whole business of Orange Austria from its previous owners Mid Europa Partners and France Telecom-Orange. This step also represents the completion of a long drawn-out takeover process, following the approval of all of the relevant Austrian and European authorities.
With this acquisition, Hutchison 3G Austria has become the third largest mobile operator in Austria. This step also allows the company to pursue with renewed energy the active and successful growth strategy it has adopted in the past. The company is committed to building further on its strong record of customer service in providing high-quality voice, Internet and mobile multimedia services. H3G is now a stronger market player, able to challenge the established mobile operators even more intensively than it has until now. In doing so, it will ensure that Austrian consumers continue to benefit from the best value for money in the market.
As part of the overall transaction, some frequencies, base stations and the mobile phone provider Yesss!, as well as certain other intellectual property of Orange Austria will be sold to Telekom Austria.
"We are delighted that, after undergoing a lengthy regulatory process, we have finally been able to close this acquisition", 3 CEO Jan Trionow commented. We can now get down to focusing all our efforts on playing a leading role in developing the future of the Austrian mobile market. I am particularly looking forward to working, with the combined talents and commitment of both existing and new colleagues in the company, to push forward with building a nationwide LTE network in Austria within the next two years. This will enable us to further strengthen our position as the operator with the best network in the country".
Along with H3G's existing customers, all Orange customers will be able to benefit from 3's commitment to providing high-quality, high-speed and high-reliability mobile Internet access, while offering the best value for money. And 3 will be making significant investments in Austria to make sure that that promise is kept.
About 3:
Hutchison 3G Austria GmbH is a wholly-owned subsidiary of Hutchison Whampoa Limited in Hong Kong. It started business in May 2003 under the 3 brand as the only purely UMTS network operator in Austria. With 94% UMTS coverage the 3MegaNetwork is Austria's largest UMTS network and covers 99% of the Austrian population with basic services. 3 has always aimed to offer its customers the latest mobile telecom technology - innovative, simple and offering outstanding value for money. Apart from mobile voice telephony in high-definition quality and mobile broadband internet access, 3 offers numerous multimedia services including 3MobileTV - all of this over the best network in Austria. The 3MegaNet won for the second year running the highly-respected network test conducted by the specialist magazine "connect" which found it to be the best network with the highest number of points ever awarded in Austria, Germany and Switzerland. At present (July 2012), around 1.5 million customers use the 3MegeaNet for speech and data. In Europe as a whole, the 3 group has some 22.23 million customers.
3 Contact:
Maritheres Paul
Spokesperson
Hutchison 3G Austria GmbH
Tel.: +43 (0) 50 660 33700
3Mobile: +43 (0) 660 3773773
E-Mail: maritheres.paul@drei.com
Web: www.drei.at/Presse