Hannes Ametsreiter

Telekom Austria reports Q1 profit drop

Telekom_Austria_logoTelekom Austria, the Austrian incumbent of which America Movil’s Carlos Slim is currently attempting to gain full control, has reported a year on year decline of 26.5 per cent in net profit for the first quarter of 2014. Group revenues for the firm, which has operations in a number of Central and Eastern European markets, were down seven per cent to €975.9m, yielding profit of €40.8m.

Telekom Austria parts with CFO after America Movil conflict

Operator group Telekom Austria has parted ways with group chief financial officer Hans Tschuden. His exit appears to be over a conflict with the operator’s Works Council concerning Latin American operator group America Movil, which recently increased its shareholding in the firm.

Telekom Austria CEO foresees increased foreign investment in Europe

The CEO of Telekom Austria, Hannes Ametsreiter, has told Telecoms.com that he expects to see increased investment in the European telecom sector and that some European telcos might see their headquarters shift outside of the region as a result. Telekom Austria is itself part owned by Mexican billionaire and America Movil CEO Carlos Slim, who is reportedly keen to take full ownership of the Austrian incumbent.

Telekom Austria sees Q3 profit down by 48 per cent

Telekom Austria, which last month paid out more than €1bn in the Austrian LTE spectrum auction, has reported a drop in third quarter profit of almost 50 per cent. Net income for the period was €52.13m, down 48.3 per cent year on year from €99.2m, while revenue declined 5.3 per cent to €1.04bn.

Telekom Austria wins big in spectrum auction, laments high price

Telekom Austria has acquired half of all spectrum being made available in the market’s latest auction, spending €1.03bn in the process. The firm acquired four blocks of 800MHz spectrum, three blocks at 900MHz and seven blocks of 1800MHz spectrum, giving it a 2 x 140MHz allocation in total.

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