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Vienna International Telecoms Industry News

Austria's Management and Supervisory Boards’ Salaries on the Test Bench

The partly state-run OMV had the most expensive board of all Austrian corporations in 2009. In total, the oil company spent 10.2 million euro on its bosses, 23.4% more than the previous year.

September 20, 2010

ÖIAG: ÖVP vs. SPÖ

Schieder and Rudas demand dissolution of the state holding ÖIAG, Finance Minister Pröll, on the other hand, wants to “strengthen” it.

September 17, 2010

Telekom Austria Buys Two Bulgarian Cable Operators

Telekom Austria buys two cable operators in Bulgaria: Megalan Network and Spectrum Net. The two companies are worth 83 million euro free of debt; Telekom will pay about 72 million through Mobiltel.

September 15, 2010

Telekom Austria: JPMorgan raised price target

Analysts at JPMorgan have revised their price target.

August 26, 2010

Telekom Austria - Works council suspended due to a consultation fee

Telekom Austria works council member Franz Kusin was suspended by the company due to an alleged consulting fee of €30,000.

August 23, 2010

Telekom Austria Group: results for the first half 2010 and the second quarter 2010

Several negative external effects and the impact of weak economies shape the market environment for Telekom Austria Group. These effects include the unabated fixed-to-mobile substitution and the continued price pressure in major markets.

August 18, 2010

JoWooD Entertainment AG postpones publication of results for Q2 2010

The current state of the consolidation indicates that the group incurred a substantial loss during the first half of 2010 and the management is currently unable to provide reliable information regarding the extent of such losses.

August 18, 2010

Telekom Austria's verifies sale to Russian MTS

Telekom Austria (TA) checks on behalf of the Finance Ministry its own sale to the Russian telecom company MTS.

July 20, 2010

S&T System Integration & Technology Distribution AG - Change to the Management Board

CEO Christian Rosner steps down, company founder Thomas Streimelweger takes over as Chairman of the Management.

June 29, 2010

Internet services industry produces about €6b

The Internet industry employs 33,000 people in Austria. Value creation is estimated at €2.8b.

June 17, 2010

123people wins Venture Capital & Private Equity Award 2010

Jury commends startup success story, "Made in Austria"

June 8, 2010

Telekom Austria approves dividend of 75 cents

Austria's telecommunications service provider Telekom Austria decided at its regular meeting today, a dividend of 0.75 euros for 2009.

May 28, 2010

Telekom Austria AG - Results for the First Quarter 2010

Revenues decline by 5.9% to EUR 1,126.0 million primarily driven by lower revenues in domestic operations and Bulgaria.

May 27, 2010

Telekom and Mobilkom’s staff representatives prefer a fusion - „Together we’re strong”

To allow for a better representation of employees staff representatives of Mobilkom and Telekom agreed to form a demonstrative collusion.

May 19, 2010