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Vienna International Telecoms Industry News
Read the latest headlines about developments in the international telecoms industry in Vienna and Austria
Telekom Austria Cuts Dividend
The Austrian telecommunication company will pay a dividend of € 0.38 per share in the years 2011 and 2012.
December 16, 2011
Pecik to Enlarge Activities in Telekom
The new core shareholder of Telekom Austria, Ronny Pecik, plans to acquire further shares. He will enter the supervisory board.
December 14, 2011
Orange-Sale to Chinese Hutchinson Uncertain
The sale of the Austrian subsidiary of France Télécom is not fixed yet. Negotiations already run for four months.
December 12, 2011
Troubles at State Holding ÖIAG
The dividend policy at Telekom Austria is criticized fiercely. Moreover, the new core shareholders at Telekom and OMV cause fears of takeovers.
December 10, 2011
Pecik Calls For Supervisory Board Members
The new core shareholder of Telekom Austria, Ronny Pecik wants to extend his influence on the management.
December 9, 2011
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
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