The latest media and telecoms industry and company news and analysis from FriedlNews
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Austrian Media and Telecoms Headlines

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

Mobile Phone Operator "3 Austria” Made Higher Profit on Lower Sales in 2014

Mobile telephony operator "3” generated lower sales last year, however, managed to boost its operating profit (EBIT) by 60 percent to EUR 170 million. Sales decreased by 8 percent to EUR 686 million (USD 757 million).

March 6, 2015

T-Mobile Austria Doubled Operating Profit to EUR 64 Million

T-Mobile Austria has doubled its operating profit (EBIT) - adjusted by the costs of LTE frequency auction in 2013 - last year to EUR 64 million. Sales decreased by 1.6 percent to EUR 815 million. EBITDA increased by 9.9 percent to EUR 211 million (USD 240 million).

February 27, 2015

Publishing Company Verlagsgruppe News Intends to Make Turnaround by 2016

After a slump in print run in past years and negative results posted last year, the publishing group Verlagsgruppe News (VGN) is intent on making the turnaround by 2016. The CEO Horst Pirker proclaimed his belief in sustainable growth and success in the print and the digital sectors, during an event organized by the International Advertising Association (IAA)

February 26, 2015

UPC to Lay Off Staff in Austria

Cable company UPC will take savings measures in Austria and Switzerland, and plans to lay off 30 staff in 2015.

February 25, 2015