Telekom Austria has become the latest carrier to establish a division dedicated to developing solutions for the machine to machine (M2M) market. Announced in mid-September, Telekom Austria Group M2M was actually created in August in recognition of what TA CEO Hannes Ametsreiter described as “a very promising development of the M2M business”.
Telekom Austria has acquired a 100 per cent stake in Croatia’s largest cable operator B.net for €93m through its local subsidiary Vipnet, a provider of mobile telephony services.
The Serbian government is clearly not that motivated to offload its majority stake in incumbent carrier Telekom Srbija, having turned down the only offer for a second time. Sole bidder Telekom Austria had even increased its bid for the 51 per cent stake, yet on Friday the government called off the whole deal.
The Serbian government has given the sole bidder in its Telekom Srbjia sell-off 15 days to improve its offer. A fortnight ago, it emerged that Telekom Austria AG’s offer of €800-950m for the mostly-state-owned telco was the only bid received. The Serbian government, which owns 80 per cent of the telco, was hoping to attract offers in excess of €1.4bn for a 51 per cent stake in the company.
The sale of Telekom Srbjia looks set to be cancelled following the likely rejection of the lone bid for a 51 per cent stake in the company. The Serbian government, which owns 80 per cent of the telco, was hoping to raise €1.4bn from the sale; under those circumstances, it seems unlikely that the lone bid of €950m for a 51 per cent stake from Telekom Austria will be accepted.
Croatian operator VIPnet has announced the completion of a successful LTE trial in the 800MHz “digital dividend” band freed up by the migration to digital television. The trial, which began in October last year, took place in Zagreb, and achieved data speeds of up to 150Mbps download and 50Mbps upload.
Telekom Austria announced that it will acquire the remaining 30 per cent of SB Telecom, the sole owner of Belarusian carrier Velcom, that it does not already own. The total purchase price for the remaining 30 per cent stake amounts to €335m. This transaction will increase Telekom Austria’s stake in Velcom to 100 per cent.
Telekom Austria is to acquire 100 per cent stakes in the Bulgarian cable operators Megalan Network AD and Spectrum Net AD through its Bulgarian subsidiary M-Tel. Telekom Austria will pay €83m for the stakes.
Nokia Siemens Networks has won a five-year deal from Telekom Austria Group (TAG) to improve the carrier’s mobile networks performance and energy efficiency. The firms did not announce the value of the contract.
Austrian incumbent carrier Telekom Austria Group has reported that second quarter net profit for 2010 dropped by more than 16 per cent year on year to €68.7m. The firm attributed the decline to intense competition against a backdrop of regulatory and macroeconomic pressure. In particular, said group CEO Hannes Ametsreiter, a drop in fixed network voice minutes and a reduction in mobile termination rates have hit the firm’s income.
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