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Telekom Austria Adjusts Guidance for Devaluation of Belarus Ruble
The Austrian telecommunication group incurred a net loss of € 59.2m in the first half of the year. Revenue expectations for the full year were reduced from € 4.6bn to € 4.5bn.
Telekom Austria Adjusts Guidance for Devaluation of Belarus Ruble / Picture: © Telekom Austria Group
Telekom Austria on Wednesday reported results for the first half of 2011. Group revenue declined by 2.9% to € 2,227.3m during first half of 2011 compared to the same period in the previous year.
Group EBITDA comparable, which does not include restructuring and impairment charges, declined by 7.8% to € 777.6m in the first six months of 2011. In the first half 2011 the negative…
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