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Cosmo&Nanu

Telekom Austria expands in Slovenia

Days after a deal was made with Mexican telecoms company America Movil over operational ownership with Telekom Austria, the company has bought frequency spectrum in Slovenia worth 64 million EUR.

The Austrian company bought 48% what was on offer in the sale, including 900 and 1800 megahertz as well as two chunks of 800 megahertz spectrum, which it has not bought before. The move is part of a plan to provide 95% of Slovenia with faster internet within three years via the Slovenian branch of its business Si.mobil.

In the same spectrum sale, Telekom Slovenia also bought as much of the spectrum on offer as Telekom Austria.

A share pact between the Austrian state and America Movil, owned by Mexican billionaire Carlos Slim, has allowed Slim to get a foothold in the European markets through Telekom Austria ownership after expansion opportunities narrowed in his home continent.

Telekom Austria already operates in several eastern European countries but Slim is hoping to build the operation further around Europe.

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