KPN decides against Austrian move

29 Jun 2005

KPN of the Netherlands has ruled itself out of the running as a possible buyer for Austrian wireline and wireless operator tele.ring. KPN, which has just moved to acquire rival Dutch operator Telfort, says it did consider a takeover bid for the Austrian telco which is currently owned by Western Wireless International of Canada. However, Dow Jones reports that KPN found the price “too high and shareholder return would have been too low”. tele.ring is Austria’s fourth largest mobile operator.

Austria, KPN, tele.ring