Tuesday, August 13, 2013

Reuters: Technology News: Slim-backed Telekom Austria and KPN form network pact

Posted by Isabella on 6:41 AM

Reuters: Technology News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com 
Slim-backed Telekom Austria and KPN form network pact
Aug 13th 2013, 11:17

  • Tweet
  • Share this
  • Email
  • Print
The logo of Telekom Austria is pictured at its headquarters in Vienna May 8, 2013. REUTERS/Heinz-Peter Bader

The logo of Telekom Austria is pictured at its headquarters in Vienna May 8, 2013.

Credit: Reuters/Heinz-Peter Bader

VIENNA | Tue Aug 13, 2013 7:17am EDT

VIENNA (Reuters) - Telekom Austria and Dutch group KPN, the European rivals in which Mexican tycoon Carlos Slim has invested, have joined forces to offer internet-based data services to wholesale and large business customers, they said on Tuesday.

The two companies are combining their infrastructure to create a "backbone" optic fiber network across 35 countries whereby Telekom Austria can use KPN's network for its customers in western Europe and KPN can use Telekom Austria's network in central and eastern Europe.

The announcement is the first evidence of the promised synergies to be had since Slim's America Movil Latin American telecoms company acquired large stakes in both European companies a year ago.

A Telekom Austria spokesman declined to estimate the size of the potential synergies.

The network's main exchange points will be in Frankfurt, London, Amsterdam and Paris, and will stretch to north America. It will use common marketing and sales efforts.

Last week America Movil proposed a bid for the rest of KPN, sparking speculation he could eventually try to take over Telekom Austria as well.

In announcing results on Monday, Telekom Austria's management side-stepped questions as to whether Slim might make a takeover offer.

(Reporting by Michael Shields; Editing by Greg Mahlich)

  • Tweet this
  • Link this
  • Share this
  • Digg this
  • Email
  • Reprints
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/

Comments (0)

Be the first to comment on reuters.com.

Add yours using the box above.
You are receiving this email because you subscribed to this feed at blogtrottr.com.

If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)

 
Great HTML Templates from easytemplates.com.