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Vienna International Telecoms Industry News

Telekom Austria: Write-Offs in Belarus

Due to the hyperinflation in Belarus, Telekom Austria´s write-offs could reach up to € 400m.

December 8, 2011

Telekom Austria: “Hyperinflation Accounting” Applicable in Belarus

The Austrian telecommunication group will have to make inflation adjustments for its local subsidiary Velcom.

December 8, 2011

Bewag Sells TV Station BKF

The regional energy provider and a Viennese publishing house have agreed on the sale. Closing is expected to take place in December.

November 25, 2011

New Rumors about Takeover of Phone Service Provider Orange

“3” has reportedly offered € 1.4bn for an acquisition of its competitor. Assets worth € 300m might be sold to market leader A1.

November 25, 2011

Pecik Now Owns 15% in Telekom Austria

The Austrian investor has bought additional shares in the telecommunication group, making him the second largest shareholder.

November 25, 2011

Profit Decline for Telekom Austria

Group revenue decline and lower Group EBITDA comparable mainly driven by competition in Austria and FX devaluation in Belarus. In the third quarter, revenues and EBITDA were stable.

November 14, 2011

No Surprises Expected for Telekom Austria

UniCredit forecasts EBITDA of € 398m for the third quarter of Telekom Austria to Activities in Belarus are still seen as potential risk factor.

November 8, 2011

Croatian Parliament Abolishes 6% Mobile Service Tax

The local subsidiary of Telekom Austria benefits from the abolition of the special tax which caused expenses of € 15.2m in 2010.

October 28, 2011

New Co-Investor for Pecik

Ronny Pecik, who is said to have acquired a substantial stake in Telekom Austria, now has a new partner. The Egyptian Sawiris faces liquidity problems.

October 24, 2011

Pecik to Resell Stake in Telekom Austria?

The Austrian investor is reportedly planning to buy further shares and to sell the package to Russian Vimpelcom in several years.

October 21, 2011

Online Shopping is Booming in Austria

45% of the Austrian population already practiced online shopping. The share of enterprises using mobile broadband connections rose significantly against 2010.

October 18, 2011

Telekom Austria Appoints Group Compliance Manager

Telekom Austria is going to hire a renowned expert to modernize the company’s compliance management as a relevant countermeasure to guarantee clean business practices.

October 17, 2011

Pecik Acquires Minor Stake in Telekom Austria

The Austrian investor now enters the Vienna-listed Telekom Austria Group. For the time being, Pecik holds a 5.4% stake.

October 17, 2011

Hostile Takover of Telekom Austria?

According to market rumors, Telekom Austria prepares measures against a potential takeover. Currently, the corporation faces several troubles.

October 3, 2011

Springer Shows Interest for „Krone“ and „Kurier“

The German media group is willing to purchase the major stakes of the Austrian newspapers “Krone” and “Kurier” held by the German WAZ (Westdeutsche Allgemeine Zeitung).

October 1, 2011

Red Bull Intends to Enter China

The Austrian energy drink producer has concluded the technical test phase. The market entry into China is now within splitting distance.

September 27, 2011

Layoff at UPC

The Austrian subsidiary of the U.S. group Liberty Global further reduces staff.

September 20, 2011

Austria and Azerbaijan Expand Cooperation

An Austrian delegation will hold several meetings with Azerbaijani ministries and private companies.

September 20, 2011

Austrian Telekom: Social Democrats Warn of „Unfriendly Takeover“

For the executive director of the SPÖ, Günther Kräuter, “a new major shareholder from Egypt or Russia would be problematic.”

September 12, 2011

New Major Shareholder for Telekom Austria?

After the exit of a U.S. fund, investor Ronny Pecik might acquire a substantial stake in the Austrian telecommunication group.

September 9, 2011

Emporia Hires Boris Nemsic as Advisor

The telecom expert was appointed to the advisory board of the Upper Austrian manufacturer of mobile phones for elderly people.

September 8, 2011

Slow Growth for CEE Telecom Sector Expected

Austrian Erste Group: “Seasonality and mobile data growth as key driver in H2 2011. The industry continues to struggle from slow consumer and public spending – Stabilisation to be expected in 2012.”

September 7, 2011

Hans Tschuden Remains CFO of Telekom Austria

The Austrian telecommunication group re-elected Hans Tschuden as Chief Financial Officer and Vice Chairman of the Management Board.

August 17, 2011

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.

August 17, 2011

Telekom Austria: Ex-Manager Applied for Leniency

Internal investigations also revealed dubious real estate transactions in the Austrian telecommunication group.

August 11, 2011

Former Board Member of Telekom Austria Admits Share Price Manipulation

Pressure is growing in the affair: Three former board members are said to have been involved in market manipulation.

August 10, 2011

Corruption Scandal at Telekom Austria

After internal inspections, the Austrian telecommunication group sent an extensive report to the public prosecutor’s office. One employee has been fired already.

August 8, 2011

Telekom Austria Closes Acquisition of Croatian B.net

The Austrian telecommunications group has received green light from Croatia’s competition authority for the acquisition of the country’s largest cable operator.

August 8, 2011

Boris Nemsic Joins Delta Partners

The former CEO of Telekom Austria was appointed executive partner of Delta Partners' investment business.

July 6, 2011

Telekom Austria Refrains from an Acquisition of Telekom Srbija

For the time being, the Austrian telecommunications group has no intention to pursue a deal with the Serbian government after negotiations had failed in May.

June 16, 2011

Telekom Austria Acquires B.net Hrvatska

The telecommunications group purchases Croatia’s largest cable operator from Bewag, an Austrian regional electricity supplier.

June 8, 2011

Telekom Austria Bidding for Kosovo Telecom

The Austrian telecommunications group and a Croatian competitor have been shortlisted in the privatization process of Kosovo’s most profitable company.

June 7, 2011

France Telecom Evaluating Its Activities in Austria

The future of Orange Austria could be decided before October. The cooperation in networks might have been the first step towards a merger with T-Mobile Austria.

May 25, 2011

EPIC Completes the Acquisition of UkrTelekom

The Austrian financial investor purchases 92.79% of the Ukrainian telecommunications company for € 921m.

May 16, 2011

Surprisingly High Losses for Telekom Austria

After profits of € 91.2m in the first quarter of 2010, Telekom Austria suffered losses of € 79.2m in Q1/2011. This is mainly due to a social restructuring plan.

May 11, 2011

Telekom Austria: Serbian Deal Failed

The new offer by Telekom Austria is rejected in Serbia: the sale has failed.

May 7, 2011

Workers Continue Feeling the Crisis

The Austrian Working Climate Index increased only slightly from 107 to 108 points during the last half-year. According to the Labor Chamber, the crisis has not been mastered yet, particularly for workers.

May 7, 2011

New Bid for Telekom Srbija

The Telekom Austria Group Submits a Revised Conditional Bid of up to € 1.1 Bn for the Acquisition of a 51% Stake in Telekom Srbija

May 4, 2011

Serbian News: "Stake in Telekom Srbija already Sold to Telekom Austria"

Although there is still no official announcement from the government on the sale of Telekom Srbija, there is speculation the company has already been sold, Serbian B92 reports.

May 2, 2011

Telekom Srbija: Rising Prospects for Telekom Austria

Telekom Austria might still succeed in Serbia with an alternative solution. The mobile subsidiary would have to be handed over.

April 22, 2011

It is Official: T-Mobile and Orange Launch Network Cooperation

The German and French telecom companies expect to save € 60m. The network coverage is to increase by 10%.

April 22, 2011

Cooperation between T-Mobile and Orange

A joint radio network is established by the German and the French telecommunications groups in Austria.

April 16, 2011

Decline in Sales for Salzburg AG

The Salzburg AG for energy, transport and telecommunications could hold its profits stable despite falling sales.

April 13, 2011

Telekom Austria Receives an Extension

Telekom Austria has been granted an extension of the deadline for submitting a revised offer for 51% of Telekom Srbija.

April 13, 2011

Speculations on Improvement of Bid of Telekom Austria in Serbia

Telekom Austria (TA) has time until 12 April to increase the bid for a majority stake in Telekom Srbija. TA does not seem to be totally uninterested.

April 8, 2011

Red Bull Mobile now also in Belgium

The Austrian beverage company strives to develop a new business area within the telecom sector. After Austria, Switzerland, Hungary and South Africa, Belgium is to be established as its fifth market.

April 7, 2011

Serbia: Intense Resistance to Possible Sale to Telekom Austria

Tempers run high In the sale process of selling the majority government owned Telekom Srbija. The union puts pressure on the Serbian government.

April 6, 2011

Turkcell Intends to Get Into Austria

The Turkish mobile operator strives for an entry into the Austrian market.

April 1, 2011

Telekom Srbija: Improvement required of Telekom Austria

Telekom Austria, as the only bidder is required by the Serbian government to improve its bid significantly in the currently stopped selling process.

March 30, 2011

Sale Process of Telekom Srbija to be Cancelled

According to Serbian newspapers, the sale of the Serbian telecommunication company to Telekom Austria has failed.

March 28, 2011