0
General

Telekom Austria posts H1 net loss on impairment charge

Wednesday 13 August 2014 | 11:44 CET | News
Telekom Austria Group has reported a net loss of over EUR 300 million in first-half 2014 due to an impairment charge to write down assets in Eastern Europe. The charge of EUR 400 million for Mobiltel in Bulgaria resulted in a negative net result of EUR 317.8 million at the Group level. Group revenues declined 7.3 percent year-on-year to EUR 1.94 billion, due to weak revenues in Austria, Bulgaria and Croatia. EBITDA comparable for H1 2014 was EUR 619.4 million, down 7.2 percent from a year earlier, and the EBIT loss was EUR 222.6 million, compared to a positive EBIT of EUR 223.3 million in H1

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Telekom Austria Group
Countries: Austria / Eastern Europe
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

A1 Telekom Austria revenues up 2.5% in H1

Published 17 Jul 2015 11:19 CET | Austria
Telekom Austria reported revenues in its home market up by 2.5 percent year-on-year on a reported basis and stable excluding ...

A1 invests almost EUR 100 mln on broadband in Upper Austria

Published 25 Feb 2015 11:24 CET | Austria
A1 Telekom Austria has announced that it will invest almost EUR 100 million in broadband expansion in Upper Austria. The provider ...

Telekom Austria forecasts return to revenue growth in 2015

Published 11 Feb 2015 10:07 CET | Austria
Telekom Austria reported revenues for 2014 down more than expected, but managed to improve its margins thanks to cost efficiency ...

Telekom Austria confirms plans for capital increase

Published 23 Oct 2014 08:56 CET | Austria
Telekom Austria has confirmed plans to hold a capital increase by the end of the year. The operator received approval from ...

Austria starts competition probe after mobile price rises

Published 29 Aug 2014 16:43 CET | Austria
Austrian competition regulator BWB announced plans to investigate the developments in mobile prices since the market was reduced ...

A1 Telekom Austria opens up graduate training scheme

Published 20 Aug 2014 23:02 CET | Austria
A1 Austria Telekom said it is inviting applications for its graduate training scheme by 30 September. Recruits will receive ...

A1 ad features trade-in, hire purchase, shop set-up services

Published 19 Aug 2014 23:39 CET | Austria
A1 Austria Telekom said it has started a publicity for its mobiile phone trade-in bonus, clear start and instalment services, ...

A1 must stop charging paying-in slip processing fee

Published 14 Aug 2014 10:51 CET | Austria
The Austrian supreme court has told A1 Telekom Austria that it must stop charging customers a fee for processing payments via ...

Mobiltel revenues fall 8% in H1 to EUR 183 mln

Published 13 Aug 2014 14:14 CET | Bulgaria
Bulgarian operator Mobiltel saw its revenues fall 8.1 percent year-on-year to EUR 182.7 million in H1. EBITDA comparable dropped ...

Velcom revenues up by 20% in Q2

Published 13 Aug 2014 14:06 CET | Belarus
Revenues of Belarusian mobile operator Velcom, a subsidiary of Telekom Austria, grew by 5.0 percent to EUR 85.3 million in the ...

Vip Operator sees 13.1% drop in Q2 revenue

Published 13 Aug 2014 13:00 CET | North Macedonia
Macedonian mobile telephony operator Vip Operator ended the second quarter with revenue of EUR 14.3 million, a 13.1 percent drop ...

Vip Mobile Q2 revenue up 18.5%

Published 13 Aug 2014 12:55 CET | Serbia
Serbian operator Vip Mobile ended the second quarter with revenue of EUR 53.0 million, up 18.5 percent on a year earlier, driven ...

Si.mobil grows Q2 revenue 5.1%

Published 13 Aug 2014 12:52 CET | Slovenia
Slovenian mobile  operator Si.mobil ended the second quarter with revenue of EUR 50.9 million, a 5.1 percent increase on the ...

Vipnet sees 5.6% drop in Q2 revenue to EUR 92.6 million

Published 13 Aug 2014 12:43 CET | Croatia (Hrvatska)
Croatian operator Vipnet ended the second quarter with revenue of EUR 92.6 million, a 5.6 percent decrease on a year earlier. ...

Telekom Austria report points to economic value for Austria

Published 04 Aug 2014 14:31 CET | Austria
Telekom Austria generates gross value added of almost EUR 3 billion for Austria, which equates to 1 percent of the country's GDP ...

OIAG to borrow EUR 280 mln for Telekom Austria capital hike

Published 28 Jul 2014 09:42 CET | Austria
Austrian state holding company OIAG will borrow the EUR 280 million it needs to maintain its 28.4 percent stake in Telekom ...

America Movil to help Telekom Austria expand services

Published 24 Jul 2014 16:27 CET | Austria
Mexicans operator America Movil said that Telekom Austria may offer additional services such as fixed telephony, broadband and ...

America Movil secures just over 50% of Telekom Austria

Published 15 Jul 2014 09:59 CET | Austria
America Movil announced that 23.47 percent of Telekom Austria's shares were tendered in its takeover bid, raising its total stake ...





Calendar   /   Industry Events

11 May Small Cells World Summit
12 May Mediaset Q1 2021
12 May Deutsche Telekom Q1 2021
12 May Bredband2 Q1 2021
12 May Telefonica Deutschland Q1 2021
12 May NEC FY results
12 May Syn Q1 results 2021
12 May OTE Q1 2021
12 May Lumentum fiscal Q3
12 May Airtel Africa Q1 2021
13 May Poly fiscal Q4
13 May Inwit Q1 2021
13 May Telefonica Q1 2021
13 May Alibaba Group Q1
13 May BT FY results
13 May DZS investors day
14 May Japan Display FY results
14 May Digi Communications Q1 2021
14 May Sohu.com Q1 2021
14 May Sogou Q1 2021
14 May Telesat Q1
17 May Minim Q1 2021
17 May World Telecommunication and Information Society Day
18 May Iliad Q1 2021
18 May Vodacom FY results
18 May Vodafone FY results
18 May MTS Q1 2021
18 May iQiyi Q1
18 May Baidu Q1 2021
18 May Google I/O
::: More Calendar Items