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Austrian Media and Telecoms Headlines

Telekom Austria Quadruplicates Dividend for 2016 from EUR 0.05 to EUR 0.20

At today's meeting of the supervisory board of partially state-owned Telekom Austria a dividend hike from EUR 0.05 per share to EUR 0.20 per share was recommended. This is based on "improved operational and economic development of the group” the company announced on Friday afternoon.

July 22, 2016

Telekom Austria Seen Netting EUR 53.1 Mln in Q2

Listed incumbent telco Telekom Austria, a unit of America Movil, will likely suffer an over 30 percent y/y decline in Q2 net profit to EUR 53.1 million (USD 58.5 million), expect Erste and Raiffeisen analysts ahead of the publication of Q2 report.

July 22, 2016

A1 Wants to Accelerate Landline Internet with LTE

The Austrian client wants ever more bandwidth for faster Internet and higher image resolution. Nevertheless, in terms of availability of landline Internet access Austria is under OECD average. For this reason Telekom's subsidiary A1 wants to invest EUR 500 million (USD 557 million) in expansion and offers to accelerate its clients' Internet access with LTE and a "A1 Hybrid-Boost"-modem.

July 18, 2016

"3” Will Become European Headquarters for Parts of Group’s IT

Hongkonese Hutchison group will boost the significance of its Austrian subsidiary, mobile network operator "3”. In the future Hutchison Drei Austria will be responsible for the implementation and further development of international IT projects within the Oracle platform in Europe.

June 16, 2016

ORF Broadcasting Centre Funkhaus Sold to Rhomberg

The construction group Rhomberg has won the auction for the ORF broadcasting centre in Vienna. The Austrian broadcaster ORF was in talks with five potential bidders, but Rhomberg submitted the best offer in the end, ORF chief executive Alexander Wrabetz and CFO Richard Grasl said. The sales proceeds are expected to exceed EUR 20 million (USD 22.5 million).

June 14, 2016

More Austrians Into Mobile Banking

Austrians are getting more into mobile banking: more and more of them do banking transactions via smartphones. Currently 61 percent of bank customers use mobile banking services. Last year the percentage rate was merely 48 percent, it follows from an online survey conducted by INGDiBa, carried out in 13 European countries.

June 14, 2016

No Reasons for Further Privatisation of Telekom Austria, Post AG - Infrastructure Min

Austria has no reasons to further privatize partly state-run telco Telekom Austria or the postal firm Post AG, Infrastructure Minister Jörg Leichtfried said in an interview.

June 7, 2016

IT and Consulting Sector Keeps Growing - Sales Up 6.9 Percent

The accounting, consulting and IT association in the Chamber of Commerce presented data on the development of the branch in 2015. According to the report, the branch raised its sales in 2015 by 6.9 percent to EUR 25.24 billion. Export quota in the IT and consulting segments amounted to over 20 percent.

June 3, 2016

EVVA and Umdasch to Invest EUR 2.5 Million in Whatchado

Austrian startup Whatchado which helps post job applications using short video, has received funding to the tune of EUR 2.5 million from the companies Evva and Umdasch. The vocational orientation platform has already helped connect prospective employees with 200 employers via 5,000 individual interviews.

May 3, 2016

Telekom Austria Nets EUR 81 Mln in Q1 2016 After Accounting Adjustments

Listed telco Telekom Austria, a unit of America Movil, saw its share price jump by 5.11 percent to EUR 5.57 shortly after Thursday session open, on the back of Q1 result publication as revenues and EBITDA were slightly above market expectations, UBS analysts wrote in a flash comment. Also the outlook was confirmed.

April 28, 2016