Telekom Austria wins contract to become Macedonia's No. 3 mobile provider

Austrian telecommunications operator Telekom Austria AG said Tuesday it won a contract to become Macedonia's No. 3 mobile phone service provider.

Telekom Austria said it paid €10 million (US$13.3 million) for a 10-year license to operate in the former Yugoslav republic.

The license will be automatically renewed for another 10 years after it expires, the company said.