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October 01, 2020

Will operate under Österreichische Sportwetten's Tipp3 brand

Deutsche Telekom to expand into online sports betting

Deutsche Telekom to expand into online sports betting
(Germany).- German telecommunications company Deutsche Telekom will launch a new online sports betting product after acquiring a 64% stake in Österreichische Sportwetten subsidiary Deustche Sportwetten.
Germany | 02/25/2015

(Germany).- German telecommunications company Deutsche Telekom will launch a new online sports betting product after acquiring a 64% stake in Österreichische Sportwetten subsidiary Deustche Sportwetten.

A

lthough the terms of the deal were not disclosed, Deutsche Telekom, which brought in USD 19.8 billion last year, did confirm that it intends to launch “purely internet-based sports betting services”.

The new service is expected to launch within the first quarter of this year.

Customers will be able to access betting services on a range of sports such as football, basketball and the Formula 1 motor-racing championship.

Deutsche Telekom has been linked with an expansion into sports betting for some time now, with speculation last year suggesting that the company was interested in acquiring an operator.

Reports intensified after the Hesse Ministry of the Interior and Sports (HMDIS) in September awarded a number of online sports betting licenses to both regional and international operators.

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