T-Mobile/tele.ring review extended

21 Oct 2005

The European Commission has extended its review of the proposed takeover of the Austrian cellular operator tele.ring by rival firm T-Mobile. Having originally set 26 October as the date on which a decision would be announced, the Commission now says it will postpone making its ruling until 14 November. According to Dow Jones, the regulator is extending its review in order to take into account divestments which both operators are proposing to clear the way for the EUR1.3 billion deal. If it is given the go-ahead, the merger will strengthen T-Mobile’s second place position in Austria’s wireless market; the combined T-Mobile/tele.ring would have just over three million subscribers, while market leader mobilkom claims almost 3.3 million.