Telekom Austria AG To Pay EUR1 Billion For Spectrum-Paper-Reuters

Monday, 21 Oct 2013 10:50am EDT 

Reuters reported that Telekom Austria AG will pay around EUR1 billion ($1.4 billion) for new telecoms spectrum in an auction that will net around EUR2 billion for the government, a newspaper reported. Austria's WirtschaftsBlatt, citing well-informed sources, said Deutsche Telekom's T-Mobile Austria would pay EUR700 million and Hutchison Whampoa's H3G would hand over EUR300 million. 

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