Deloitte Legal has advised Magenta Telekom on structuring cooperation with the City of Vienna regarding broadband coverage. Lumsden and Partners advised the City of Vienna on the deal.
“From 2018 to 2021, Magenta Telekom will invest a total of around one billion euros in Austria's telecommunications infrastructure,” according to Deloitte Legal. “The majority of these investments are made in Vienna. A new, long-term cooperation agreement between the Telekom company and the city ensures the best possible conditions: Smart City, the interconnection of devices, the "Internet of Things" as well as the development of new digital services are specifically promoted and realized together.”
Deloitte Legal also reports that “WH Media, a subsidiary of Wien Holding, which previously held a stake in UPC Telekabel Wien, became a shareholder of Magenta Telekom, which operates under the name T-Mobile Austria GmbH in Austria.”
Deloitte Legal’s team was led by Partner Maximilian Weiler and included Partners Stefan Zischka and Sascha Jung, Counsel Johannes Lutterotti, and Associate Gerald Hendler.
Lumsden and Partners’ team included Managing Partner Robin Lumsden and Partners Irina Tot and Dimitar Anadoliyski.