German telco Deutsche Telekom unites its Austrian subsidiary T-Mobile Austria with its newly acquired cable operator UPC Austria under the new name Magenta Telekom.
The company, which offers bundled fixed-line and mobile network products, retains the familiar T symbol as its logo.
In December 2017, Telekom had agreed with Liberty Global to acquire the latter’s subsidiary UPC Austria for €1.9 billion. The transaction was completed in July 2018 after the European Commission granted approval without conditions.
In August 2018, Telekom announced that the merged company would adopt a new name.
