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Tag: telekom

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

Serbian govt invites bids for Telekom Srbija

2015-07-03 12:37:00| Telecompaper Headlines

(Telecompaper) Serbia's Privatization Agency has published a public invitation for non-binding bids for the state's stake in Telekom Srbija. The applicants must demonstrate that they have been a provider of mobile telecom services over the last three years. In addition, any bidders must have in three audited fiscal years average annual revenues related to telecom services exceeding EUR 500 million, raised total funds of at least EUR 500 million over the last 10 years, had assets under management of at least EUR 2 billion as of end 2014, pr was an investor in the last 10 years via a minimum equity shareholding of 10 percent in at least one telecom operator with annual revenues related to telecom services exceeding EUR 500 million in at least one given year of the investment period. Interested domestic or foreign entities fulfilling the conditions must submit to the agency a request for delivery of documentation for the first phase of the procedure by 23 July. The deadline for submitting non-binding offers is 2 August. After the Commission for carrying out the procedure short lists the bidders, the Agency shall invite them to participate in the second phase of the procedure.

Tags: bids telekom govt invites

Serbian govt starts privatisation of Telekom Srbija

2015-06-26 09:34:00| Telecompaper Headlines

(Telecompaper) The Serbian government has launched an initiative to privatise Telekom Srbija, tasking the Ministry of Economy and the Privatisation Agency to set the plan in motion, reports news agency Beta. The state has a majority stake in the company with 58.11 percent of the shares. Another 20 percent are owned by the company, 14.95 percent by citizens, and employees own 6.94 percent of Telekom Srbija shares. A public call for bids to select a privatisation advisor for the company was issued on 05 February. In March, Telekom Srbija accepted the bid by the French consultancy Lazard Freres to provide management consulting services in the privatisation process.

Tags: starts telekom govt serbian

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

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