• Subscribe
  • Advertise
    • Media Info
    • Terms & Conditions for Advertisers
    • Mechanical Data

Broadband TV News

Independent. Since 2003

  • Home
  • News Line
    • Central & East Europe
    • People
  • TV
    • On Demand/VOD
    • IPTV
    • Cable
    • Satellite
    • Terrestrial
    • Distribution
  • Business
  • Tech
  • Columns
    • Chris Dziadul
    • Julian Clover
    • Robert Briel
  • Events
    • Events Diary
    • BTN Events
    • Events Coverage
    • Submit the details of your event
  • Features
  • Resources
    • White Papers

Telekom Austria drops into the red

August 13, 2014 09.25 Europe/London By Jörn Krieger

Telekom Austria Group Headquarter Wien Arsenal TowerTelekom Austria Group reported a 7.3% decline in turnover to €1.94 billion in the first half of 2014 compared with the first half of last year (€2.09 billion).

The EBITDA sank by 7.2% from €667.2 million to €619.4 million. Below the line, Telekom Austria Group posted a loss of €317.8 million. In the first half of 2013, a net profit of €108 million was achieved.

The Austrian telco attributes the decline mainly to a write-off of €400 million in its investment in Bulgaria as well as the ongoing financial and economic crisis in the CEE countries and regulatory issues in its domestic market Austria.

Telekom Austria Group in which Mexican billionaire Carlos Slim recently took over the majority stake now expects a drop in turnover by 3.5% across the whole year of 2014 instead of the previously expected 3% decline.

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related

Filed Under: Finance, Newsline, Platforms Tagged With: 2014, Bulgaria, Carlos Slim, loss, Telekom Austria Group, turnover Edited: 13 August 2014 09:30

Avatar photo

About Jörn Krieger

Jörn reports on the latest developments in Germany, Austria and Switzerland. Since 1992, he has been working as a freelance journalist, specialised in digital media, broadcast technology, convergence and new markets. He also takes up University lectureships, writes articles in specialist publications, and produces radio reports. Jörn is also a moderator of panel discussions at industry events such as ANGA COM, Medientage München and IFA Berlin.

Latest News

  • LG adds suite of Apple services
  • Stephanie Meyer returns to LFP Broadcasting
  • European first for on demand and live TV guide
  • Some growth for Nuuday as TV continues decline
  • Paramount+ chooses Three as mobile streaming partner

Free Ebook

Whitepaper: Why Wi-Fi 6 is Key for ISP Success

Wi-Fi 6 and Wi-Fi 6E client devices are entering the home in an unprecedented way, surpassing 50% market share since their introduction in 2019 (compared to four years for Wi-Fi 5). … [Download the eBook...]

Q & A

Q&A with Przemyslaw Frasunek, Redge Technologies

Broadband TV News speaks with Przemyslaw Frasunek, the CEO of Redge Technologies, about the CEE region OTT landscape and the most effective video security solutions.

Broadband TV News

  • Subscribe
  • About us
  • Contacts
  • Logos & Pictures
  • Privacy Policy
  • Terms and Conditions

Advertising

  • Media Info
  • Terms & Conditions
  • Mechanical Data
  • Video Services

News

  • Latest
  • Central & East Europe
  • TV
  • Tech
  • Streaming
  • Cable
  • Satellite
  • Terrestrial
  • IPTV
  • Business
  • People

Events

  • Events Diary
  • BTN Events
  • Submit the details of your event
  • Media Meet & Greet

Broadband TV News

PO Box 499
Cambridge
United Kingdom
CB1 0AH
news@broadbandtvnews.com

Connect with Us

 

Copyright © 2023 Broadband TV News LLP · Log in

 

Loading Comments...