T-Mobile denies Hutch interest

27 Nov 2007

The German-owned cellco T-Mobile Austria has ruled out a takeover bid for its local rival Hutchison 3G Austria. T-Mobile Austria, which expanded last year through the acquisition of smaller cellular operator tele.ring, says it is not interested in buying the 3G operator from its Hong Kong-based parent company Hutchison Whampoa. Rumours have been circulating for some time that Hutch is looking to sell off some of its European 3G assets, which include operations in Austria, Ireland, Italy, the UK and Scandinavia.