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The purpose of this dissertation is to value the new company resulting from the merger
between KPN and Telekom Austria. Although, there are a number of valuations on the
standalone operations of both companies, they lack to value a potential merger between
them, and consequently the synergies found in such transaction. During the dissertation, KPN
is valued in 27 billion € and Telekom Austria is valued in 7 billion €, whereas the new firm will
be valued in 40 billion €, implying synergies worth around 6 billion €. Furthermore, knowing
that shareholders always thrive for higher gains, such transaction would allow for that to
happen, with América Móvil, the main shareholder in both companies, pushing for the merger
to take place.