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German President to visit Austria this week New German President Christian Wulff will come to Vienna this Wednesday, the office of Austrian President Heinz Fischer has announced.
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Turks Declare Star Wars on Lego Turks living in Austria are calling for a boycott of Lego products after accusing it of encouraging racial hatred and prejudice.
Austrian ski area Warth-Schröcken is the snowiest in Europe. With a seasonal average snowfall of 10.6m, Warth-Schröcken has been named the snowiest ski area in Europe by new UK website www.weathertoski.co.uk.
Rubbish dump home families win latest round There is an end in sight for the legal battle over three houses build on an old dump ground in Rietz (Tirol).
Lake Lüner to get a facelift One of Austria's most beautiful lakes is set to lose most of its water – at least temporarily so that repair and renovation work can take place on the wall of a dam.
Obituary: The Vienna-born heroine who gave equal rights to Japanese women A Viennese-born woman who single handedly rewrote the constitution of Japan to give women equal rights has died aged 89, the New York Times reports.
Child allowance extension rarely taken up admits minister Experts have criticised the offer of extending the Kinderbetreuungsgeld - the payment made to new parents – for two months in cases of hardship because the process is too complicated.
CCTV images of suspected serial rapist Austrian police have issued these CCTV images of a man they suspect might be responsible for a series of rapes on the Vienna U6 underground line.
Salzburg deputy resigns after 3bn rogue trader loss Salzburg's deputy governor and the man in charge of the province's finances has announced he plans to resign next month after an alleged rogue trader gambled away billions on risky financial market ventures.

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20. 06. 12. - 17:04

Telekom Austria stock rises after Slim move

Telekom Austria rose in Vienna after Erste Group advised investors that they should accumulate stock in the wake of investment from Mexican billionaire Carlos Slim.

Telekom Austria rose as much as 6 cents, or 0.8 percent, to 8.05 euros a share and traded at 8.048 euros at 9:26. a.m. in Vienna. Erste, which previously told clients to reduce their Telekom Austria holdings, raised the company’s target price by 10 percent to 9 euros a share.

The new recommendation is based on the "takeover fantasy" inspired by Slim’s commitment to take a 26 percent stake in the company, analyst Vera Sutedja wrote in a report published today.

"It is possible that America Movil will not stop at the current level of ownership," Sutedja wrote, referencing Slim’s flagship company.

"One buys into this stock with the expectation that another investor would buy at a higher price in the future to gain more control."

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