The EC has extended the deadline of its investigation into the proposed acquisition of Austrian cable operator UPC by Deutsche Telekom’s local wireless unit T-Mobile. Reuters reports that the deadline has been extended from 25 June to 9 July, after T-Mobile Austria offered concessions for the deal.
UK-based Liberty Global agreed to sell its UPC-branded cable provider in Austria to T-Mobile Austria for an enterprise value of EUR1.9 billion (USD2.3 billion) in December last year. The move will enable T-Mobile to become a full-service provider and offer convergent product bundles to its customer base, although the UPC brand may be used for up to three years. The combination of UPC and T-Mobile, which will provide the national scale necessary to compete with A1 Telekom Austria, is expected to close in the second half of 2018.