Tele.ring merger with ONE not out of the question

14 Apr 2005

The Austrian mobile operator Tele.ring has not ruled out the possibility of merging with its larger rival ONE, with the company’s CEO saying that consolidation in the saturated market would make sense. In an interview with Total Telecom, Tele.ring’s CEO Michael Krammer said: “A merger between Tele.ring and One would make sense theoretically as we are the two smallest operators.” He added: “I don’t expect any consolidation or sale to happen this year but Tele.ring is now a very attractive asset so never say never.”

Austria, Orange Austria, tele.ring