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General

Telekom Austria confirms plans for capital increase

Thursday 23 October 2014 | 08:56 CET | News
Telekom Austria has confirmed plans to hold a capital increase by the end of the year. The operator received approval from shareholders in August to raise up to EUR 1 billion in a share sale. Further details of the offering will be announced later. Telekom Austria confirmed the news alongside its third-quarter results, which showed continued pressure from the weak economy and regulation in central and eastern Europe. Revenues showed an improvement, rising 1.2 percent year-on-year to EUR 1.05 billion in Q3, thanks to growth in Belarus and Croatia and a smaller decline in Austria. Cost

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Categories: General
Companies: A1 Telekom Austria / MobilKom / Telecom Liechtenstein
Countries: Austria / Eastern Europe
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