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Austrian Media and Telecoms Headlines

America Movil Reduced Stake in Telekom Austria

America Movil has reduced its stake in Telekom Austria from 59.7 percent to 51.89 percent. The Mexicans have thus complied with provisions of the syndicate agreement with ÖBIB, in line with which America Movil had to raise the free-float share stake.

July 29, 2016

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

UniCredit Bank Austria Named Best Trade Finance Bank in Austria

US financial magazine "Global Finance" selected Bank Austria for the eighth time in a row "Best Trade Finance Bank" in Austria.

January 21, 2016

Austrian Public Broadcaster's Results Likely Not in the Black

The financial plan of public broadcaster ORF for 2016 lists several costly program events, such as the football cup in France and the Olympic Games in Rio de Janeiro. On account of these the result is likely to be barely in the black, CEO Alexander Wrabetz explained. The revenue is estimated to total EUR 942 million (USD 1 billion), the profit of the concern is seen at EUR 1.6 million, compared to the targeted EUR 1.3 million in 2015. The profit of the ORF parent group is estimated at EUR 0.2 million.

November 18, 2015

The Miss Earth Beauty Pageant is Coming to Vienna

Miss Earth, an annual international beauty pageant promoting environmental awareness is celebrating its 15th year in Vienna. Along with its rivals Miss Universe and Miss World, Miss Earth is one of the three largest beauty pageants in the world in terms of the number of national-level competitions to participate in the world finals and one of the most publicized beauty contests in the world. The reigning titleholders dedicate their year to promote specific projects and often address issues concerning the environment and other global issues. Climate Change will be the focus of Miss Earth for its Crystal Year celebration. Around 90 delegates from all over the world will be arriving on November 18, to start their activities and converge at the Marx Halle in Vienna on December 5, 2015 for the Coronation Night.

October 9, 2015

Telekom Austria Appoints Alejandro Plater as CEO

Telekom Austria announces that its Supervisory Board has allocated the Chief Executive Officer responsibilities to Alejandro Plater (47) as proposed by the two majority shareholders América Móvil and Österreichische Bundes- und Industriebeteiligungen GmbH (ÖBIB). This appointment will be effective as of 1 August 2015.

July 24, 2015

Vodafone Germany Hires Ex-Telekom Austria CEO Ametsreiter

Ex-Telekom Austria CEO Hannes Ametsreiter, who terminated his contract 4 days ago, will take up the position of CEO of Vodafone Germany as of October 1, 2015.

June 19, 2015

Telekom Austria CEO Hannes Ametsreiter Resigns per 31 July 2015

Telekom Austria announced that its CEO Hannes Ametsreiter has prematurely terminated his contract. Rumor has it, that majority shareholder America Movil influenced the decision.

June 15, 2015

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