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Austrian Media and Telecoms Headlines

Publisher Manz Takes Over Legal Databank Provider IMD

As of May 1, Manz from Vienna has retroactively taken over IMD Informations, Medien und Datenverarbeitungsgesellschaft mbH. IMD is a leading provider of services in the area of electronic legal communication (webERV), commercial register and land register Manz announced.

Yesterday

Eurovision Song Contest - Analysts Expect Added Value of EUR 38 Million

Viennese company Wien-Holding recently held a debate on the expected economic effects of the Eurovision Song Contest. The event is expected to create an added value of EUR 38 million (USD 41.9 million) for Austria of which EUR 27.8 million will be generated in Vienna, a study of research facility Institut für Höhere Studien (IHS) indicates.

May 14, 2015

T-Mobile Austria Improved Q1 Outcome

T-Mobile, the Austrian unit of Germany’s Deutsche Telekom, raised its results in Q1 y/y, as the operating profit, adjusted by restructuring costs, soared to EUR 32 million (USD 35.9 million) from EUR 12 million a year earlier, and the adjusted profit before interest, tax and depreciation climbed from EUR 44 million to EUR 65 million, the company disclosed on Wednesday.

May 13, 2015

Hofer's HoT Wins 167,000 Customers in Three Months

The mobile phone network HoT, co-owned by food retail chain Hofer and launched at the beginning of 2015, managed to win 167,000 customers in three months. HoT accounted for 44 percent of all number transfers in Austria in the first three months of 2015.

April 29, 2015

Telekom Austria Net Profit Doubles to EUR 92.7 Mln in Q1

Listed incumbent telco Telekom Austria, a unit of America Movile, smashed market expectations with its EUR 92.7 million (USD 99.0 million) net profit, up by nearly 128 percent y/y, the company said Wednesday.

April 22, 2015

Telekom Austria Seen Netting EUR 51.8 Mln in Q1, Up 27 Pct Y/Y

Listed telco Telekom Austria, a unit of America Movil, will likely post EUR 51.8 million (USD 55.7 million) in Q1 net profit, 27 percent more than a year earlier, on stable revenues, analysts predict ahead of the publication of Q1 figures.

April 20, 2015

Telekom Austria Wants to Launch Operation Against Netflix

Telekom Austria wants to compete with the video streaming service Netflix in Austria. The company plans to launch an alternative service, which will mirror the Mexican concept Claro Video & Musica, Telekom CEO Hannes Ametsreiter said in an interview for economic magazine Forbes (Thursday issue).

April 2, 2015

State Holding OBIB Launches Competition for CEO Post

State holding OBIB, successor of OIAG, has announced a competition for the post of the group's CEO, in line with expectations.

April 1, 2015

State Holding ÖIAG Becomes ÖBIB

State holding OIAG has become ÖBIB as per the decision of Friday's GM. CEO Rudolf Kemler will remain at the helm of the company for the time being as an interim president.

March 20, 2015

A1 Telekom Austria Broadband Prices to Rise in April

Market leader A1 telco, a unit of listed group of Telekom Austria, will raise broadband prices as of April.

March 18, 2015