Telekom Austria Group and América Móvil on Friday unveiled a deal that proposes to create one of the world’s largest fibre networks, with a joint footprint with 200 Points of Presence (PoP) within 47 countries, through the interconnection of networks offering voice, roaming, data and mobile services.
Telekom Austria has announced it has completed a capital increase through issuing 221.5 million new shares, bringing the total to 664.5 million. Managing to raise €997 million in net proceeds in the process, the Austrian incumbent almost reached its original target of €1 billion.
Telekom Austria Group is to acquire 100 per cent of one of the largest cable operators in the Republic of Macedonia. Blizoo Macedonia offers TV services, broadband and fixed voice and will help Telekom flesh out its own offering in Macedonia where it operates under the Vip brand.
Telekom_Austria_logoTelekom Austria, the Austrian incumbent of which America Movil’s Carlos Slim is currently attempting to gain full control, has reported a year on year decline of 26.5 per cent in net profit for the first quarter of 2014. Group revenues for the firm, which has operations in a number of Central and Eastern European markets, were down seven per cent to €975.9m, yielding profit of €40.8m.
Latin American operator group America Movil has announced its intention to acquire all outstanding shares in European operator group Telekom Austria.
Telekom Austria’s Bulgarian subsidiary Mobiltel, said Tuesday it has extended its licence for 900MHz and 1800MHz spectrum to 2024. The company paid €30.6m for the extension.
The Informer has often thought that it would be fun to work in France. He is full of admiration for the two-hour lunch; the 35 hour working week and the Gallic shrug. Well the country has gone one better this week, bringing in rules to protect employees from being disturbed by work email when outside of office hours.
The director general of the GSMA, Anne Bouverot, has sent an open letter to EC Commissioner Neelie Kroes calling for policy reform that will encourage investment in Europe’s telecoms sector. Bouverot secured endorsements from the CEOs of ten European operators with a combined European mobile customer base of almost three quarters of a billion subscriptions, according to data from Informa’s World Cellular Investors service.
Canadian billing and charging specialist Redknee Solutions has announced a $6m deal with Austrian incumbent Telekom Austria that will see the vendor’s real-time billing, charging and customer care solution deployed across the operator’s portfolio in Central and Eastern Europe.
Croatian mobile operator Vipnet Croatia, a subsidiary of Telekom Austria, has announced that it will upgrade to Canadian BSS solutions vendor Redknee’s latest real time billing solution.
The CEO of Telekom Austria, Hannes Ametsreiter, has told Telecoms.com that he expects to see increased investment in the European telecom sector and that some European telcos might see their headquarters shift outside of the region as a result. Telekom Austria is itself part owned by Mexican billionaire and America Movil CEO Carlos Slim, who is reportedly keen to take full ownership of the Austrian incumbent.
The CEO of Telekom Austria, Hannes Ametsreiter, talks to Telecoms.com about the importance of multiplay and consolidation, the need for Europe to regain a competitive advantage in the global telecommunications sector and why he thinks EC regulatory proposals led by Neelie Kroes are damaging the industry.
Latin American operator group America Movil has increased its stake in European operator group Telekom Austria. The LatAm group, controlled by billionaire Carlos Slim, has agreed to acquire 13.9 million shares in Telekom Austria, through Carso Telecom, a holding company owned by America Movil. The shares equate to a 3.14 per cent stake in the European group.
European operator group Telekom Austria has named CEO of its Slovenian subsidiary Si.mobil Dejan Turk as CEO and CMO of its Serbian subsidiary Vip mobile. Turk will begin his new roles on March 1st, 2014.
The Austrian arm of operator group Deutsche Telekom, T-Mobile Austria, has confirmed its intent to appeal the results of the country’s recent LTE spectrum auction. A spokesperson from the operator told telecoms.com that it plans to appeal to Austria’s Administrative Court and the Constitutional Court next week.
Telekom Austria, which last month paid out more than €1bn in the Austrian LTE spectrum auction, has reported a drop in third quarter profit of almost 50 per cent. Net income for the period was €52.13m, down 48.3 per cent year on year from €99.2m, while revenue declined 5.3 per cent to €1.04bn.
Operator group Telekom Austria has launched a smart metering platform designed as a software as a service (SaaS) solution.
Industry consultants have attacked the recent Austrian LTE spectrum auction process, claiming that the outcome took too much money out of the market and threatens competition in the Austrian mobile sector. The fact that incumbent Telekom Austria was able to acquire half of all the spectrum made available could be particularly detrimental.
Telekom Austria has acquired half of all spectrum being made available in the market’s latest auction, spending €1.03bn in the process. The firm acquired four blocks of 800MHz spectrum, three blocks at 900MHz and seven blocks of 1800MHz spectrum, giving it a 2 x 140MHz allocation in total.
Telekom Austria has launched an M2M application enablement platform for remote monitoring, automation and control for metering devices. The platform follows the launch earlier this year of Telekom Austria’s M2M connectivity platform SIMplify.