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Telekom Austria seeks expansion

2013-09-04 02:00:00| Total Telecom industry news

CEO Hannes Ametsreiter confirms interest in Serbia Broadband, criticises EU bid to lower roaming fees.

Telekom Austria eyes EUR 500 mln capital increase - report

2013-08-27 11:22:00| Telecompaper Headlines

(Telecompaper) Telekom Austria is looking to secure fresh capital of around EUR 500 million, reports DerStandard newspaper. This figure is understood to have been discussed at a recent supervisory board meeting. America Movil reportedly supports the plan in order to avoid its 23.7 percent stake in the operator being diluted. It is not clear if government holding company OIAG will participate. It currently holds 28.42 percent of Telekom Austria and would have to contribute around EUR 70 million to maintain a minority stake (25% plus one share), or double that to maintain its existing shareholding. Telekom Austria declined to comment on the report.

Tags: report increase eur capital

Telekom Austria, PE funds in running for Serbia Broadband

2013-08-19 02:00:00| Total Telecom industry news

Serbian cableco could sell for 1 billion, Bloomberg reports.

Tags: running austria funds broadband

KPN, Telekom Austria partner on IP network services

2013-08-13 11:18:00| Telecompaper Headlines

(Telecompaper) KPN has entered into a partnership with Telekom Austria Group, encompassing ethernet, IP VPN, wavelength and IPT services. The partnership will seek to maximise large traffic and establish an increased presence in Europe, with data services made available for target groups such as international wholesale carriers as well as large business customers. The network connection will be established in Frankfurt with a back-up in Vienna. The IP backbone connects the four most important Internet Exchange Points in Europe, namely Frankfurt, London, Amsterdam and Paris, well as other exchanges. A total of 173 PoPs within 35 countries across Europe and North America will be covered by the backbone. The deal will increase Telekom Austria's local presence in Western Europe via KPN and will allow KPN International and its customers to benefit from the local presence of the Telekom Austria across the CEE region. Common marketing and sales activities are being implemented.

Tags: services network partner austria