Austrian fixed and mobile player Telekom Austria reported a net loss for 2008 in the wake of the global credit crunch and its continuing struggle to turn around its fixed line business. Group net loss for the fourth quarter fell to Eur438m, compared to a profit of Eur41m in the same period in 2007. [...]
Austrian carrier Telekom Austria said Wednesday its net profit for the first quarter dropped 11.9 per cent year on year to Eur129.7m. The operator attributed the decline to costs associated with its Eur730m acquisition of Belarusian cellco MDC in October. However, MDC’s contribution also helped boost revenues by 9.9 per cent year on year to [...]
Vodafone acquired two European fixed line operations over the weekend, shelling out Eur775m for Tele2′s Italian and Spanish units. The acquisition will give Vodafone almost 2 million fixed telephony customers in Italy, along with 268,000 broadband resale customers and 375,000 direct access and unbundled customers. In Spain, the Big V will acquire approximately 307,000 fixed [...]
Telekom Austria expanded its operations into Belarus on Wednesday, when it agreed to acquire a stake in Cypriot SB Telecom, owner of Belarusian mobile operator MDC. The Austrian operator is to pay around Eur730m for a 70 per cent stake in SB Telecom, held by chairman Ead Samawi and his partners. The operator has also [...]
Telekom Austria commercially launched its operation in Macedonia this week. Vip, takes the third slot in the country behind T-Mobile and OTE’s Cosmofon. The new entrant claims to offer some of the cheapest voice prices, giving customers a single round the clock tariff of MKD7.7. “In addition to the license fee of Eur10m we also [...]
Telekom Austria updated its forecast for EBITDA growth out to 2010 on Monday, including the predicted impact of EU roaming price caps. The key point is that the impact is not going to be particularly significant, despite the widespread predictions of disaster. TA estimates that its earnings before interest, tax, depreciation, and amortisation will rise [...]
Austrian viewers are, for the first time, watching TV on a mobile as Telekom Austria rolls-out a DVB-H pilot in association with its mobile arm, mobilkom Austria. The pilot, which started September 1 and runs till June 2007, will be viewed by 1000 users over the ‘mobile tv austria’ platform which covers central parts of [...]