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Telecommunications Industry

Austrian Authorities Examine Slim´s Entry at Telekom

After the acquisition of Ronny Pecik´s stakes in Telekom Austria, the Mexican investor will hold 26%. The Austrian Federal Competition Authority (BWB) examines until the end of July.

July 3, 2012

Orange Sale: EU Commission is Concerned too

After the Austrian Federal Competition Authority (BWB) expressed its concerns about the acquisition of Orange by Hutchison Austria, the EU Commission announces to deepen its examination.

June 29, 2012

ÖIAG: No Solution in Sight

Today, the supervisory board of the Austrian Industrial Holding (ÖIAG) had a meeting. A clear strategy will not be found anyway.

June 28, 2012

Orange Deal: „Federal Competition Authority is Ignorant“

The Austrian Federal Competition Authority (BWB) has to examine the takeover of Orange by Hutchison Austria thoroughly. The patience of all parties is limited.

June 28, 2012

Telekom Austria: Pecik Achieved Sale Proceeds of € 882m

The Austrian investor sold his 21.0% share in Telekom Austria to Carlos Slim. The share price was € 9.50.

June 25, 2012

Orange: Takeover Is Questionable

The takeover of the third-biggest telecommunication operator in Austria by the Hong Kong-based Hutchison may fail.

June 22, 2012

Telekom Austria: Slim Expected to Invest Further

The Mexican investor controls about 26.9% of Telekom Austria´s shares. An increase of up to 50% is possible.

June 21, 2012

Slim Officially Holds 9.89% in Telekom Austria

Carlos Slim, who will buy Pecik´s shareholding in Telekom Austria, already exceeded the 5.0% threshold substantially. Slim will become Telekom´s second largest shareholder.

June 16, 2012

Orange Takeover to be Postponed

The Commission of the EU identified several shortcomings in the takeover of Orange by the Hong Kong based Hutchison.

June 15, 2012

Slim Becomes Major Shareholder at Telekom Austria

The Austrian investor Ronny Pecik sells his shares to the Mexican Carlos Slim. The main shareholder ÖIAG welcomes this step.

June 15, 2012

New Top Executive at Telekom Austria

Roland Haidner takes over as Director of Telekom Austria´s M&A Department.

June 11, 2012

Slim to Enter Telekom Austria

The world´s richest man, the Mexican investor Carlos Slim is said to own a 4.0% stake in Telekom Austria and to buy Pecik´s stake for € 9.5 per share.

June 5, 2012

Pecik Finds New Partner

The Austrian investor and second-largest shareholder of Telekom Austria is said to cooperate with a Russian billionaire.

June 1, 2012

Telekom Austria Files for „Yesss!“ Takeover

Telekom Austria Group files with the Austrian Federal Competition Authority the notification for the proposed acquisition of Yesss!

May 31, 2012

Attacks Against ÖIAG, Appeal on Government

The Austrian Chamber of Labor (AK) says that Telekom Austria´s main shareholder ÖIAG has failed. The works council fears a slow, but steady privatization.

May 26, 2012

Sawiris Threatens ÖIAG with Slim

The new shareholder at Telekom Austria Naguib Sawiris announced to sell his stake to the Mexican investor Carlos Slim if the industrial holding ÖIAG does not act cooperatively.

May 24, 2012

Pecik Becomes Member of Telekom Austria´s Supervisory Board

The Austrian investor, who holds a 21.5% stake in Telekom Austria together with his partner Naguib Sawiris, was elected as new supervisory board member. Sawiris was no candidate.

May 23, 2012

Green Party: “Telekom Austria was the Cash Cow“

Gabriela Moser (Green Party) calls the Austrian government to implement a telecommunication strategy. Under the ÖVP-FPÖ government, Telekom Austria was abused as “cash cow”, Moser says.

May 23, 2012

“Telekom Austria May Become Second AUA“

The head of the Austrian investor´s association (IVA) Wilhelm Rasinger fiercely criticizes Telekom Austria´s core shareholder ÖIAG.

May 22, 2012

Slim to Enter Telekom Austria?

The Mexican investor Carlos Slim, who is currently the world´s richest man, is said to acquire stakes in Telekom Austria.

May 18, 2012

Telekom Austria: Crucial Shareholder Meeting Comes Closer

On May 23, Telekom Austria holds its next annual general meeting. The new shareholder Ronny Pecik will enter the supervisory board. Conflicts are built in.

May 12, 2012

T-Mobile Austria Posts Stable Results

The Austrian subsidiary of Deutsche Telekom published its results for the first quarter of 2012. Revenues and EBITDA remained stable.

May 10, 2012

Slightly Decreasing Revenues at Telekom Austria

In the first quarter of 2012, the biggest Austrian telecommunication company achieved net income of € 46.9m. EBITDA was down by 8.9%.

May 10, 2012

Orange Takeover: T-Mobile Claims Legal Restraints

According to the Austrian subsidiary of Deutsche Telekom, the takeover of the third-largest Austrian telecommunication service provider would lead to a distortion of competitions.

May 8, 2012

ÖIAG Seeks For Partner Against Pecik

The Austrian Industrial Holding ÖIAG, which is still the largest shareholder of Telekom Austria, wants to gain a strategic investor.

May 5, 2012

Telekom Austria Interested in Kosovo´s PTK

The Austrian telecommunication service provider still shows interest in taking over the Kosovo-based telecommunication company PTK. Last year, the sale was stopped.

May 4, 2012

Telekom Austria: Supervisory Board Recommends Discharge

The Supervisory Board of Telekom Austria AG Recommends the Discharge of the Management Board and the Supervisory Board to the Annual General Meeting.

May 2, 2012

Pecik and Sawiris to Enter Telekom´s Supervisory Board

Together with his Egyptian partner, Ronny Pecik will enter Telekom Austria´s supervisory board. Pecik wants to stop the generous dividend policy.

April 28, 2012

Frequency Auction in Austria Postponed

Due to the delayed Orange deal, Austria´s telecommunication regulators postpone the decision on the wireless spectrum sale.

April 24, 2012

ÖIAG Offers Resistance to Pecik

The Austrian state holding ÖIAG seems to organize resistance against the new shareholder at Telekom Austria, Ronny Pecik.

April 13, 2012

Telecommunication Industry Faces Declining Revenues

Telekom Austria´s CEO Hannes Ametsreiter forecasts declining revenues and profits at the Austrian telecommunication industry. For his own company, Ametsreiter is slightly optimistic.

April 11, 2012

Orange´s CEO: „Takeover by Telekom Austria Is Essential“

According to Michael Krammer, CEO of the third-largest telecommunication service supplier in Austria, Orange is well-financed and healthy. The acquisition of the discount subsidiary by Telekom Austria is “crucial”.

March 31, 2012

Strong Rise in Sales at Hutchison

The Austrian subsidiary of the Hong Kong-based telecommunication service supplier recorded an increase of 30% in sales.

March 30, 2012

Telekom Austria: Bond Issue Completed

The telecommunication company has successfully placed € 750m Eurobond with a coupon of 4.0% p.a. The order book´s volume surpassed the proceeds substantially.

March 27, 2012

€ 2.5bn Bond Issue at Telekom Austria

The subsidiary Telekom Finanzmanagement GmbH Plans to Issue a Benchmark-Sized Eurobond Transaction.

March 26, 2012

Orange Takeover Threatens to Fail

The takeover of Austria´s third-largest telecommunication service supplier Orange by the Hong Kong-based Hutchison Group may be postponed. Orange´s creditors are increasingly nervous.

March 22, 2012

Telekom Austria: Pecik Denies Sales Talks

The Austrian investor Ronny Pecik is said to have had sales talks with China Mobile. Pecik reaffirms to remain at Telekom Austria as “long-term investor”.

March 19, 2012

Japanese NTT to Enter Telekom?

Telekom Austria will get a new partner. Newest rumors say that NTT could buy Pecik´s stake. Norwegian Telenor is still interested.

March 16, 2012

Pecik Content to Hold Telekom Stake

The shareholder at Telekom Austria will not sell his stake in the near future. Norwegian Telenor is said to be interested in entering Telekom Austria.

March 15, 2012

New Executives for Telekom Austria

The new major shareholder at Telekom Austria, Ronny Pecik, installs a third management board member. The supervisory board will be enlarged.

March 12, 2012

Orange Takeover: Hutchison is Optimistic

The Hong Kong-based telecommunication company Hutchison 3 is sure that the takeover of Orange will be approved by the competition authorities. The competitor T-Mobile is not convinced at all.

March 9, 2012

Beyrer Aims For Strategic Investor at Telekom Austria

The head of the state holding ÖIAG and Telekom Austria´s supervisory board believes that Ronny Pecik will not remain as shareholder. A strategic partner is desired.

March 5, 2012

Hutchinson-Orange Merger: T-Mobile Becomes Impatient

T-Mobile Austria, a subsidiary of Deutsche Telekom puts pressure on the Austrian Competition Authority. The merger must include a number of requirements.

February 25, 2012

Sawiris Aims to Stay in Telekom Austria

The Egyptian investor Naguib Sawiris, the partner of the Austrian investor Ronny Pecik, wants to maintain his engagement in Telekom Austria.

February 24, 2012

T-Mobile Austria Records Declining Results

The Austrian subsidiary of the German telecommunication group registered a decrease in EBITDA by 10.6%. Sales were down by 6.0%.

February 23, 2012

Telekom Austria: Net Loss of € 253m

Revenues were down by 4.2%. The major impact was the last quarter with losses of € 322m.

February 23, 2012

Telekom Austria Extends Contract with CFO

Hans Tschuden, Chief Financial Officer at Telekom Austria will remain until 2015 at least.

February 22, 2012

Orange-Deal: Additional Contribution Threatens

France Télécom and Mid European Partners, the sellers of the Austrian mobile phone operator Orange, may need to pay an additional contribution.

February 22, 2012

Telekom Austria Faces Severe Image Difficulties

Many details over bribery payments from Telekom Austria to politically exposed persons were revealed. Now, the company sues its former executives.

February 18, 2012

Massive Losses Expected for Telekom Austria

Loss expectations range from € 194.9m to € 238m. Sales are anticipated to decline by 4.4%.

February 17, 2012