Late last month, Alltel finally got the go-ahead on the sale of Telering
, an Austrian wireless company that was another Western Wireless subsidiary, for $1.6 billion to T-Mobile Austria.
TELECOMWORLDWIRE-2 August 2005-EUR1.3bn deal for Telering
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The four companies selected to take part in this Finnish pilot were the home electronics stores Musta Porssi Merituuli in Espoo and Jattiporssi in Vantaa, movie distributor Finnkino and mobile communications equipment chain Telering
Mannesmann also owns 15% of Cegetel in France and 75% of Austria's Telering
. Mannesmann Euro.
The European Commission has approved Alltel Corp.'s sale of Telering
, an Austrian wireless company that was a subsidiary of Western Wireless, which Alltel bought last year.
The contracts, valued at a total of EUR670,000, were received by Makitorppa Oy, Teletekno Oy, Song Networks Oy, Siemens Oy, Erifon Oy, Doro Tele Oy, Telering
Oy, Baycom Oy and Desk Kasteam Oy.
UTA is expected to face competition from other competitors entering the rapidly growing telecom market, such as Telering
, Verbund or Citykom, and does not create or strengthen a dominant position, the Commission said when clearing the deal under the EU Merger Regulation.
Alltel is still trying to sell Western Wireless' Telering
unit to T-Mobile Austria.
has extended the deadline for a $1.6 billion deal to sell Telering
to T-Mobile Austria.
In August, Alltel announced a deal with T-Mobile Austria to sell Austria-based wireless provider and former Western Wireless property Telering
for $1.6 billion, a sale that caused the European Union regulatory commission to launch an antitrust investigation, which is still pending.
In August, shortly after Alltel completed, its $6.5 billion acquisition of Western Wireless of Bellevue, Wash., the Little Rock company announced a deal with T-Mobile Austria to sell Austria-based wireless provider and former Western Wireless property Telering
for $1.6 billion.
of Little Rock sold the Austrian subsidiary of newly acquired Western Wireless, called Telering
, to T-Mobile Austria for about $1.6 billion.