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Telecommunications Industry
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
Telekom Austria: No Expansion in Bulgaria
The Austrian telecommunication group is no longer interested in Vivacom. Problems with competition authorities would have occurred.
February 17, 2012
Rasinger: „Telekom Austria Needs New Executives“
The spokesman of Austrian retail investors, Wilhelm Rasinger, wants to change Telekom Austria´s management, which are “untroubled”.
February 14, 2012
Bulgarian Vivacom: Telekom Austria Has Only Outside Chances
The second-largest Bulgarian telecommunication enterprise is for sale. Telekom Austria is still interested, in spite of dismal prospects.
February 14, 2012
„3“ Wants to Retain „Aggressive Competition“
The Hong Kong-based Hutchinson Whampoa Group, which operates the telecommunication service supplier “3” in Austria, took over the competitor “Orange”. However, “3” keeps its “aggressive” style.
February 4, 2012
Pecik Aims for Reaching Blocking Minority
The Austrian investor Ronny Pecik intends to re-organize the supervisory board. Nevertheless, operating functions are not targeted.
February 4, 2012
Hutchinson Takes Over Orange
The Austrian subsidiary of the Hong Kong-based telecommunication group takes over Orange Austria, a member of France Télécom.
February 3, 2012 · Updated: February 3, 2012; 13:23
Telekom Austria Acquires Discount Brand “Yesss!”
Telekom Austria Group Agrees to Acquire Assets of Orange Austria for a maximum amount of € 390m.
February 3, 2012
New Tax Burden for Telekom Austria
Telekom Austria has to pay tax on mobile network services in Croatia.
January 30, 2012
Telekom: Losses of € 200m Expected
For 2011, Erste Group´s analyst Maria Veronika Sutedja expects high losses for Telekom Austria.
January 25, 2012
Telekom Austria Expects Significantly Lower Profits
Application of hyperinflation accounting leads to an increase in equity of more than € 400m and an impairment of approximately € 300m in 2011.
January 24, 2012
Telekom: Pecik Beyond 20%
The Austrian investor Ronny Pecik exercised existing Telekom Austria call options.
January 20, 2012
Moody´s Downgrades Telekom Austria
The U.S. rating agency lowered Telekom Austria´s rating from A3 to Baa1, which is due to the weak business development.
January 19, 2012
Pecik´s Stake in Telekom Austria Beyond 20%
The Austrian investor currently holds 15.0% of Telekom Austria´s share capital. Furthermore, Pecik owns call options for another 5.1%.
January 17, 2012
Telekom Austrian Interested in Bulgarian Vivacom
The second-largest Bulgarian telecommunication enterprise is for sale. Telekom Austria has good prospects to become the buyer.
January 16, 2012
Hutchinson Acquired Orange
The Chinese telecommunication operator takes over Frenche Orange. The acquisition price totals € 1.0bn.
January 14, 2012
Telekom Austria Faces New Taxes in Croatia
Croatia re-introduces extraordinary taxes for telecommunication operators. The local government is criticized by Telekom Austria and the EU.
January 13, 2012
Supervisory Board of Telekom Austria Calls For Dividend Suspension
The supervisory board member Alexander Sollak claims that not dividends should be paid out for 2011. Instead, the equity base should be strengthened.
January 9, 2012
T-Mobile and Hutchinson 3G Become Partners
The Austrian subsidiary of the German T-Mobile and the Chinese Hutchinson 3G closed an agreement over a long-term grid partnership.
January 5, 2012
Tele2 Finalizes Acquisition of Silver Server
The Austrian Internet service provider is taken over for € 12.3m after the competition authority has approved the deal.
December 23, 2011
SPÖ Wants to Defend State’s Stake in Telekom Austria
According to State Secretary Andreas Schieder, the ÖIAG should defend its shareholding of 28%.
December 22, 2011
Pecik Extends Stake in Telekom Austria
The Austrian investor Ronny Pecik is told to become the largest shareholder in Telekom Austria. Up to 29% are possible.
December 20, 2011
Serbia Tries Privatization Again
After the privatization of Telekom Srbija has failed in spring 2011, the Serbian government tries again. Telekom Austria could still show interest.
December 19, 2011
Norwegian Telenor to Enter Telekom Austria
The core shareholder at Telekom Austria, Ronny Pecik, could re-sell its recently acquired stakes. Telenor and the Russian Sistema are interested.
December 17, 2011
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
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
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
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
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
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
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
Ex-Chancellor Schüssel Resigns from Parliament
Wolfgang Schüssel retires from the political stage as a consequence of the market manipulation and corruption affair at Telekom Austria.
September 5, 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