Magenta Telekom Explained

T-Mobile Austria GmbH
Trading Name:Magenta Telekom
Former Name:T-Mobile Austria
Type:Subsidiary
Area Served:Austria
Key People:Rodrigo Diehl (CEO)
Industry:Telecommunications
Products:Mobile telephony
Wireless broadband
Internet
CATV
Revenue:€1.39 billion (2022)[1]
Num Employees:2200 (2023)[2]
Parent:Deutsche Telekom
Predecessor:UPC Austria
Foundation: (as Telekabel Wien)
(as max.mobil)
(as T-Mobile Austria)
Location City:Vienna
Location Country:Austria

T-Mobile Austria GmbH, trading as Magenta Telekom is the second largest mobile and fixed company in Austria. It is owned by Deutsche Telekom. In 2022 it had 5.2 million customers.[3] Its CEO is Rodrigo Diehl since 1 October 2022.[4]

History

The company was founded as max.mobil in 1996 by the Ö-Call consortium. In 2000, the company was bought by Deutsche Telekom. In 2002, max.mobil was renamed to T-Mobile Austria. In 2019, there was a merger of the companies UPC Austria and T-Mobile Austria, resulting in Magenta Telekom.[5]

tele.ring acquisition

In 2005, T-Mobile Austria acquired mobile provider tele.ring from its parent company Western Wireless Corporation for 1.3 billion euros, and transformed it into its own lower-cost flanker brand.[6] The tele.ring branding was discontinued on 23 March 2020.[7]

UPC Austria acquisition

In December 2017, T-Mobile Austria announced it would acquire cable provider UPC Austria (originally founded in 1977 as Telekabel Wien) from its parent company Liberty Global for 1.9 billion euros.[8] The acquisition was approved by the European Commission on 10 July 2018.[9]

The company announced plans to retire the "T-Mobile" and "UPC" brands in 2019, merging the companies under a single "T" brand. The new brand name was announced on the evening of 6 May 2019.[10]

Notes and References

  1. Web site: Das Unternehmen . German . The Company . April 3, 2023 . Magenta Telekom .
  2. Web site: Das Unternehmen . German . The Company . April 3, 2023 . Magenta Telekom .
  3. Web site: Magenta Telekom mit positiver Umsatz- und Ergebnisentwicklung im Geschäftsjahr 2022 .
  4. Web site: Rodrigo Diehl folgt ab Oktober 2022 auf Andreas Bierwirth als CEO von Magenta Telekom . 4 August 2022 . Peter Schiefer . Magenta Telekom .
  5. Web site: With Magenta Telekom into Austria’s Digital Future . 7 May 2019 . René Bresgen . Deutsche Telekom .
  6. Web site: T-Mobile gets tele.ring . 11 August 2005 . TeleGeography .
  7. Web site: Telekommunikation - tele.ring geht in Magenta auf.
  8. Web site: Liberty Global to sell UPC Austria to T-Mobile . 22 December 2017 . TeleGeography .
  9. Web site: EC greenlights T-Mobile acquisition of UPC Austria . 10 July 2018 . Telecompaper .
  10. Web site: Two become one: T-Mobile and UPC make the ultimate promise for Austria's digital future . 2 August 2018 . Helmut Spudich . T-Mobile Austria .