Telekom: Losses of € 200m Expected

Businessn.a. ♦ Published: January 25, 2012; 17:31 ♦ (Vindobona)

For 2011, Erste Group´s analyst Maria Veronika Sutedja expects high losses for Telekom Austria.

Telekom: Losses of € 200m Expected / Picture: ©

Last year´s business for Telekom Austria was disappointing. Erste Group´s research estimates losses to total € 200m. This is mainly due to write-offs and restructuring measures. Especially personnel costs for laid-off employees cause a severe slump in results. Yesterday, Telekom announced that hyperinflation accounting in Belarus caused a negative effect for the result in the…

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