Telekom Austria denies European expansion plans

first_img Beneficios de América Móvil en el primer trimestre gracias a la reducción de costos Home Telekom Austria denies European expansion plans Telekom Austria chairman Rudolf Kemler told shareholders that the company is not planning to expand in Eastern Europe in partnership with shareholder America Movil, reports Reuters.Media reports said the Austrian number-one had set up a holding company to fund the expansion in collaboration with the Latin American operator group, which took a 23 per cent stake in Telekom Austria last year.“There are no concrete plans for an eastern Europe expansion, and we are not planning to set up a holding company,” Rudolf Kemler said in the company’s annual general meeting, adding that the need for extra capital for an acquisition is “not an issue at the moment”.Telekom Austria already has operations in central and Eastern Europe, including Bulgaria, Croatia and Belarus.Like many European operators, Telekom Austria has seen declines in voice and SMS revenue and is suffering from increased price regulation. It forecast a revenue drop for 2013 and is cutting capital expenditure and costs.America Movil also bought into Dutch operator KPN in 2012, fuelling speculation that it is using the investments as beachheads into the European market as it faces increased regulation and competition in Latin America.Hannes Ametsreiter, CEO of Telekom Austria, said the company is looking at international synergies with America Movil and KPN around wholesale purchasing and network infrastructure. “We’ll have more to say about that in due course,” he said. Author AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 30 MAY 2013 Tim Ferguson Tim joined Mobile World Live in August 2011 and works across all channels, with a particular focus on apps. He came to the GSMA with five years of tech journalism experience, having started his career as a reporter… More Read more Relatedcenter_img America MovilCarlos SlimFinancialTelekom Austria America Movil takes $2M Colombia hit Previous ArticleSamsung debuts Galaxy S4 MiniNext ArticleKroes calls for reform of “incomplete” Euro telecoms market Tags Español América Móvil deberá pagar 2 millones de dólares a Colombialast_img read more

Telia set for Finland hit, proposes shareholder payout

first_img Author Telia announced plans to book a SEK7.8 billion ($931.8 million) impairment charge on its Finland business covering Q4 2020, as it also revealed higher than expected group cashflow for 2020 and dividend details.In a stock market statement, the operator group said the non-cash impairment in Finland followed an annual review of the value of its assets across the company.Telia added the unit had been impacted by matters around the Covid-19 (coronavirus) pandemic, “slightly weaker underlying performance” compared with previous years and the need for higher than expected network investment.Alongside the impairment, Telia plans to recommend a dividend of SEK2 per share for 2020, due to reaching the upper-end of its operational free cashflow outlook for the year.When the pandemic hit, Telia warned of an expected impact on its TV and broadcast business, and cut its 2019 dividend to improve cash available.In December 2020, it paid an additional dividend following the sales of its stake in Turkcell and the operator’s carrier business.The company is due to issue Q4 and full-year 2020 results on 29 January. Subscribe to our daily newsletter Back AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 20 JAN 2021 Chris joined the Mobile World Live team in November 2016 having previously worked at a number of UK media outlets including Trinity Mirror, The Press Association and UK telecoms publication Mobile News. After spending 10 years in journalism, he moved… Read more Home Telia set for Finland hit, proposes shareholder payout Chris Donkin Telia targets cost cuts with new enterprise IoT play Related Tags Telia reveals revamp to boost infrastructure assets Telia Telia claims positive start to strategy revamp Previous ArticleIntelligence Brief: What does CES tell us about enterprise IoT?Next ArticleVodafone, MTS extend partnership to 2023 last_img read more

Red Wolf Global moves in Thailand

first_imgThe oversized cargo, which will be used in the cement industry, measured 6.75 m x 2.35 m x 2.35 m and weighed 67 tons (60.78 tonnes). Red Wolf Global received the cargo at the Laem Chabang port in Thailand, after it had been shipped from Hamburg, Germany. Using two 120-tonne capacity cranes it lifted the separator and positioned it on a lowbed six-axle trailer. The logistics provider then transported the equipment a distance of 75 km to TPI Polene’s facilities in the Rayong province. At the destination, Red Wolf Global once again used two 120-tonne capacity cranes to lift the separator off the trailer. Red Wolf Global is a member of the XLProjects (XLP) network in Thailand. www.redwolfglobal.comlast_img read more