Massive Losses Expected for Telekom Austria

Business › n.a. ♦ Published: February 17, 2012; 18:54 ♦ (Vindobona)

Loss expectations range from € 194.9m to € 238m. Sales are anticipated to decline by 4.4%.

Massive Losses Expected for Telekom Austria / Picture: © Telekom Austria Group

In 2011, Telekom Austria will report drastic losses, which is mainly due to high write-offs in Belarus, where hyperinflation-accounting is being applied. The telecommunication company announces its annual results next Thursday.

On average, sales estimations by RCB (Raiffeisen Centrobank), Erste Group and Berenberg Bank total € 4.65bn. Against 2010, this would be a decrease by…

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