- Subject to the approval of all relevant
authorities, Jet2Web Internet, Telekom Austria's Internet subsidiary,
and Lion.cc, the Internet subsidiary of Libro AG, have agreed for
Jet2Web Internet to take over all of Lion's 70,000 free&easy
During a transition period up until the end of this year, content
and platform will be used jointly. After that all free&easy customers
will be integrated into the jet2web platform.
With this deal Jet2Web Internet will increase its market
leadership in the residential Internet market from 28% to 32%.
The two parties have agreed not to disclose the commercial details
of the deal.
In contrast to some media reports Telekom Austria has no plans to
reduce its stake in Libro AG.
Note to Editors
Telekom Austria is Austria's leading provider of
telecommunications services. It was listed on the Vienna and New York
stock exchanges in November 2000 and has a current market
capitalisation of EUR 3.2 billion. The group has four main business
areas: fixed line, mobile communications, data communications, and
Internet. It has international operations in the Czech Republic,
Croatia and Slovenia.
ots Original Text Service: Telekom Austria
Original-Content von: Telekom Austria AG, übermittelt durch news aktuell