Telekom Austria’s business merger approved by its board

www.WirelessFederation.com/news: The merger of all the fixed-line division and Austrian mobile arm, Mobilkom Austria by Telekom Austria has been given a green signal from its supervisory board. Making benefits from efficiency savings and simplifying the selling and handling of bundled offers  is expected to be gained from the merger.

It is also expected that the company’s cash flow will be reduced by EUR80 million. The merger will take place in 2010.

According to Telekom Austria Chief Financial Officer Hans Tschuden, the market developments over the past few years have demonstrated that this step is imperative and the company is convinced that through this merger Telekom Austria will be best equipped to address future challenges, while at the same time it considerably strengthens the group’s earning power.