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Telecommunication Industry Faces Declining Revenues

Published: April 11, 2012; 16:23 · (Vindobona)

Telekom Austria´s CEO Hannes Ametsreiter forecasts declining revenues and profits at the Austrian telecommunication industry. For his own company, Ametsreiter is slightly optimistic.

Telecommunication Industry Faces Declining Revenues / Picture: © Telekom Austria Group / Klaus Vyhnalek

According to Hannes Ametsreiter, the decline in results at the Austrian telecommunication industry goes on. Even after the market consolidation from four to three competitors, the situation remains the same, Ametsreiter thinks. “We expect that sales are going down by a one-digit rate.” In 2011, revenues in the telecommunication industry went down by 9.31% to € 4.35bn. EBITDA fell…

This article includes a total of 391 words.

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