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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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Serbian PM announces sale of Telekom Srbija

2014-04-28 08:45:00| Telecompaper Headlines

(Telecompaper) Serbia's new Prime Minister, Aleksandar Vucic, has announced that the government will have to sell Telekom Srbija, reports B92. In a speech to Parliament, Vucic announced the beginning of the privatization of Telekom Srbija in the first 100 days of government, explaining that the operator needs to be privatized in order to keep pace with the competition. He recalled that the share of Telekom Srbija in the mobile telephony market has been decreasing and there is no longer a monopoly in fixed telephony. Vucic also announced that a 4G licence will be awarded in Serbia, but the state and Telekom Srbija currently do not have the funds to finance the construction of the network.

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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 Movil brokers deal for Telekom Austria takeover

2014-04-24 02:00:00| Total Telecom industry news

Mexican telco reaches agreement with OIAG; will offer 7.15 per share for all outstanding shares in Austrian incumbent.

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Deutsche Telekom raises salaries

2014-04-09 02:00:00| Total Telecom industry news

German operator details pay increase for 55,000 staff in two stages over the coming year.

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