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Tag: austria
Telekom Austria Q1 revenue down 7%, EBITDA falls 5%
2014-05-08 08:11:00| Telecompaper Headlines
(Telecompaper) Telekom Austria reported first-quarter revenue down 7.0 percent year-on-year to EUR 975.9 million, hurt by regulation, competition in its home market and currency inflation in Belarus. The mobile customer base fell 1.1 percent over the year to 19.99 million at the end of March. EBITDA was down 5.0 percent to EUR 319.9 million, and net profit was down 26.5 percent to EUR 40.8 million. Capital expenditure was reduced by a third compared to a year ago to EUR 99.4 million, while operating cash flow dropped 22.4 percent to EUR 144.8 million. Net debt was still at 2.0x EBITDA, equal to EUR 3.671 billion. In Q1, TA spent EUR 94.5 million renewing spectrum in Bulgaria and acquiring frequency rights in Slovenia. The operator maintained its outlook for an around 3 percent drop in annual revenues this year, capex of around EUR 700 million (excl spectrum) and a dividend of 5 cents a share. The company targets around EUR 100 million in opex and capex savings this year in order to offset the continued pressure on revenue. Telekom Austria added that the Croatian market remains challenging, and the operator is also facing there a significant increase in spectrum fees.
Tags: austria
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Telekom Austria names new group CFO
2014-05-06 02:00:00| Total Telecom industry news
Siegfried Mayrhofer to succeed Hans Tschuden at end of May.
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names
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AR Europe Names Universal Elektronik Import GmbH New Distributor For Austria
2014-04-25 03:32:28| rfglobalnet News Articles
AR Europe, a leading supplier of innovative power amplifiers, antennas, and modules for EMC testing, wireless, medical and industrial applications, has appointed Universal Elektronik Import GmbH its official distributor for Austria.
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gmbh
austria
Slim's Austria Pact Triggers $2 Billion Bid: Corporate Mexico
2014-04-24 14:34:34| Telecom - Topix.net
America Movil SAB is bidding as much as $1.96 billion to buy out Telekom Austria AG's minority investors, seeking to cement control of the European phone carrier after striking a shareholder pact with the government.
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corporate
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bid
America Movil agrees bid to take control of Telekom Austria
2014-04-24 09:46:00| Telecompaper Headlines
(Telecompaper) America Movil announced plans to launch a takeover bid for the rest of Telekom Austria, as part of a proposed shareholders agreement with the Austrian state. The Mexican company already holds 26.8 percent of the shares and plans to offer EUR 7.15 per share for the remaining shares not held by OIAG, the state holding company that will maintain 25 percent plus one share in Telekom Austria. The operator's stock rose almost 7 percent to the bid price the day after the agreement was struck. In addition to the blocking stake, the state maintained the right to nominate the CEO and chairman of Telekom Austria, as well as guarantees on maintaining the head office in Austria, the group's Austrian brands, the quality of the network and the stock listing on the Vienna exchange. America Movil will gain operational control of the group and agreed to support its share of a EUR 1 billion rights issue to increase the operator's capacity for investment and possible acquisitions in eastern Europe. The rights issue will take place after the public bid; both still require regulatory and shareholder approval. The shareholders pact between America Movil and the state will run for ten years, with an option for a five-year extension.
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america
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