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Slim takeover of Telekom Austria looms larger

2014-03-04 01:00:00| Total Telecom industry news

Talks with employee representatives due to take place next week as state holding company eyes deal with America Movil.

Telekom Austria Q4 sales down 5.6%, sees 3% drop in 2014

2014-02-26 09:13:00| Telecompaper Headlines

(Telecompaper) Telekom Austria Group reported fourth-quarter revenues down 5.6 percent from a year earlier to EUR 1.056 billion, hurt by regulatory price cuts, the shift to flat-rate pricing and negative currency effects. EBITDA declined 17.6 percent to EUR 252 million. The net loss narrowed to EUR 49.5 million from EUR 76.0 million a year ago, helped by lower depreciation and taxes. Revenues are expected to remain under pressure this year, dropping around 3 percent. The operator aims to limit the fall by continuing its focus on the high-end market and converged services in its more mature markets, Austria, Croatia and Bulgaria. To offset the increased marketing spend, the group targets operating cost and capex savings of EUR 100 million in 2014. Overall capex is estimated stable this year at EUR 700 million across the group, excluding any spending on the planned spectrum auctions in Slovenia and Bulgaria. Telekom Austria finished the year with net debt of EUR 3.696 billion or 2.9x EBITDA, up 13.8 percent from a year earlier. The company plans to focus on cash conservation in order to return its debt rating to the BBB level in the medium term. Operating cash flow was up 4.6 percent year-on-year to EUR 262 million. The dividend was reduced to EUR 0.05 per share, in line with the company's earlier outlook, and Telecom Austria said it expects to pay the same amount next year.

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Telekom Austria migrates to VoIP

2014-02-19 01:00:00| Total Telecom industry news

Incumbent integrates 1,480 switching centres into its all-IP network.

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America Movil increases stake in Telekom Austria to 26.8%

2014-01-17 08:22:00| Telecompaper Headlines

(Telecompaper) Mexican billionaire Carlos Slim has decided to consolidate his company and family stakes in Telekom Austria. Carlos Telecom, a subsidiary of his company America Movil registered in the Netherlands, has increased its stake in Telekom Austria to 26.8 percent, after purchasing a 3.14 percent stake from a family foundation. The Austrian government remains the largest shareholder in the operator, with 28 percent. The move by Slim clarifies the company's position before regulators, showing its full indirect and direct stake via a number of subsidiaries. Once a company's cumulative shareholding, it can be required to launch a bid for the rest of the company's shares. In November 2012, America Movil said it was not planning any hostile bid for Telekom Austria.

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