Merger Within Telekom Austria

CompaniesTelecoms ♦ Published: February 12, 2011; 00:04 ♦ (Vindobona)

A1 Telekom Austria Restructures its M-Payment Subsidiaries: paybox and A1 Bank Merge to Form New paybox Bank AG

Merger Within Telekom Austria / Picture: © Telekom Austria Group

A1 Telekom Austria announces a structural change in its wholly owned subsidiaries A1 Bank AG and paybox austria GmbH: the two companies will merge in mid-April, subject to approval by the responsible authorities.

The merged company will do business under the name of “paybox Bank AG”, and in the future will conduct financial services and m-payment services for A1 Telekom…