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Slim Adds $750 Million to Telekom Austria in European Push
2014-11-07 15:28:07| Steel - Topix.net
Billionaire Carlos Slim is putting an additional $750 million in Telekom Austria AG two years after starting a foray into Europe that has yet to pay off. As part of a 1 billion-euro capital increase by Vienna-based Telekom Austria, Slim will pay 4.57 euros apiece for 132.2 million shares for a total investment of 604 million euros.
Tags: million
european
austria
push
Telekom Austria launches EUR 1 bln rights issue
2014-11-07 09:02:00| Telecompaper Headlines
(Telecompaper) Telekom Austria has launched a share issue to raise up to EUR 1 billion to strengthen its balance sheet. Existing shareholders will receive the right to one new share for every two existing shares they hold in Telekom Austria, at a discounted price of EUR 4.57 per share. The subscription period will run from 10-24 November. America Movil and the Austrian state holding company OIAG, the operator's two biggest shareholders, have agreed to subscribe for their pro rata shares of the offering. This was part of their agreement earlier this year that handed management control of the company to America Movil. They will have a lock-up of six months on the new shares. Telekom Austria said the additional capital will help it maintain its credit rating of at least BBB and give it more room to pursue strategic investments. In particular, the capital increase will allow an accelerated roll-out of its fibre infrastructure in the period 2015-2018 and more acquisitions to support its convergence strategy.
Tags: rights
issue
eur
austria
Telekom Austria launches 1bn capital increase
2014-11-07 01:00:00| Total Telecom industry news
Operator to issue up to 221.5 million shares; will spend proceeds on infrastructure, M&A.
Tags: increase
capital
austria
telekom
"Telekom Austria AG (TKA) - Financial and Strategic SWOT Analysis...
2014-10-25 16:58:45| Steel - Topix.net
Financial and Strategic SWOT Analysis Review provides you an in-depth strategic SWOT analysis of the company's businesses and operations. The profile has been compiled by GlobalData to bring to you a clear and an unbiased view of the company's key strengths and weaknesses and the potential opportunities and threats.
Tags: analysis
financial
austria
strategic
Telekom Austria confirms plans for capital increase
2014-10-23 08:56:00| Telecompaper Headlines
(Telecompaper) Telekom Austria has confirmed plans to hold a capital increase by the end of the year. The operator received approval from shareholders in August to raise up to EUR 1 billion in a share sale. Further details of the offering will be announced later. Telekom Austria confirmed the news alongside its third-quarter results, which showed continued pressure from the weak economy and regulation in central and eastern Europe. Revenues showed an improvement, rising 1.2 percent year-on-year to EUR 1.05 billion in Q3, thanks to growth in Belarus and Croatia and a smaller decline in Austria. Cost reductions in its home market helped adjusted EBITDA rise 15.8 percent to EUR 415 million, and net profit more than doubled to EUR 123 million from EUR 51 million a year ago. Profit benefited from lower restructuring charges as well as a one-time gain of EUR 26.8 million from the merger of Mobilkom liechtenstein with Telecom Liechtenstein. Telekom Austria said it will continue to focus on cost control and convergence to drive revenue growth. It maintained its outlook for an around 3.5 percent fall in revenue this year. Capital expenditure is expected at EUR 650-700 million, after EUR 473 million in the first nine months, and the group will pay a dividend of EUR 0.05 per share.
Tags: increase
capital
plans
austria
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