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Telekom Austria Hurt by Mobiltel Loss

2014-08-13 12:17:11| Telecom - Topix.net

Telekom Austria AG said Wednesday that it fell to a second-quarter net loss as weakening economic conditions in Central and Eastern Europe prompted a hefty write-down at its Mobiltel business in Bulgaria.

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Telekom Austria posts H1 net loss on impairment charge

2014-08-13 11:44:00| Telecompaper Headlines

(Telecompaper) Telekom Austria Group has reported a net loss of over EUR 300 million in first-half 2014 due to an impairment charge to write down assets in Eastern Europe. The charge of EUR 400 million for Mobiltel in Bulgaria resulted in a negative net result of EUR 317.8 million at the Group level. Group revenues declined 7.3 percent year-on-year to EUR 1.94 billion, due to weak revenues in Austria, Bulgaria and Croatia. EBITDA comparable for H1 2014 was EUR 619.4 million, down 7.2 percent from a year earlier, and the EBIT loss was EUR 222.6 million, compared to a positive EBIT of EUR 223.3 million in H1 2013. The difficult economic conditions in eastern Europe and ongoing price pressure in Austria led the operator to downgrade its outlook for the full year. It now expects revenues down around 3.5 percent, versus an earlier outlook or 3.0 percent lower, and the capex budget was lowered to EUR 650-700 million from EUR 700 million previously.

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Telekom Austria Hurt by Mobiltel Loss

2014-08-13 10:37:01| Steel - Topix.net

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Telekom Austria adds 6,178 TV subscribers in 2Q 2014

2014-08-13 08:00:20| Digital TV News

Telekom Austria Group (VSE: TKA, OTC US: TKAGY) has announced results for the first half of 2014. The company finished the quarter with 483 thousand TV subscribers in Austria, Bulgaria and Croatia, up 6,178 in the quarter and 32,693 year-on-year.

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