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Telekom Austria lowers FY outlook after flat H1

2015-07-16 20:39:00| Telecompaper Headlines

(Telecompaper) Telekom Austria Group lowered its outlook for full-year revenues to flat versus 2014, due to weak economic conditions in its eastern European markets and negative currency effects, especially in Belarus. The company previously expected an around 2 percent increase in annual revenues, but over the first six months of 2015, revenues were flat year-on-year at EUR 1.94 billion. The company said its efforts at cost reductions to offset the weaker revenues had been successful so far, helping EBITDA in the first half rise 7.4 percent to EUR 665 million. Net profit improved to EUR 171 million from a loss of EUR 264 million a year ago when it took an impairment charge for Belarus. Operating cash flow was up 43 percent to EUR 535 million, as capital expenditure declined 16.7 percent to EUR 274 million. Telekom Austria maintained its outlook for full-year capex of EUR 700-750 million and a dividend of 5 cents a share.

Tags: flat austria outlook telekom

Telekom Austria, Telekom Slovenije get OK for one.Vip merger

2015-07-10 02:00:00| Total Telecom industry news

Macedonian mobile merger gets competition OK, subject to new entity allowing MVNOs on its network.

Tags: austria telekom merger slovenije

Telekom Austria CEO moves to Vodafone Germany

2015-06-19 13:45:00| Telecompaper Headlines

(Telecompaper) Vodafone Germany announced the appointment of Hannes Ametsreiter as its new CEO from 1 October. The supervisory board will decide on the proposal at its next board meeting on 30 June. In addition to his position as CEO, Ametsreiter is due to be appointed to the worldwide Executive Committee of the Vodafone Group. Ametsreiter is currently chairman and CEO of Telekom Austria as well as CEO of A1 Telekom Austria. He started his career as brand manager at Procter & Gamble before he joined Mobilkom Austria as product manager in 1996. In 2001, he was promoted to CMO at Mobilkom Austria, and in 2007 to CMO at Telekom Austria. Ametsreiter replaces Jens Schulte-Bockum, who announced in May that he would step down as Vodafone Germany CEO in the course of this year.

Tags: germany austria ceo moves

Telekom Austria confirms resignation of CEO

2015-06-15 12:50:00| Telecompaper Headlines

(Telecompaper) Telekom Austria Group announced that Hannes Ametsreiter will resign as CEO of Telekom Austria and A1 Telekom Austria with effect from 31 July. In a statement, the company said that he asked the Supervisory Board for a "mutually agreed premature termination of his contract". Wolfgang Ruttenstorfer, Chairman of the Supervisory Board of Telekom Austria Group, said the board would discuss his replacement at its next meeting. Ametsreiter has been the chairman of the management board and CEO of Telekom Austria Group since April 2009, as well as CEO of A1 Telekom Austria since 2010. His contract was last extended at the start of 2014, for three years.

Tags: austria ceo telekom confirms