Serbia extends deadline for TA

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Business

Telekom Austria AG (TA) has been given more time to improve its offer to take over a leading Serbian mobile services firm.The Serbian government – which holds 80 per cent in Telekom Srbija – said yesterday (Tues) it decided to give TA the chance to increase their takeover bid until 3 May.The Viennese telecommunications provider […]

TA rebuffed by Serbia

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Business

All eyes are on Telekom Austria (TA) after the Serbian government rejected a first takeover offer.TA announced last week it was ready to transfer “between 800 million and 950 million Euros” for a 51 per cent stake in Serbian telecommunications provider Telekom Srbija. No other firm handed in an official offer after rivals from France, […]

TA’s 2010 turnover down, say analysts

Categories
Business

Telekom Austria (TA) may have suffered a decline in earnings before interest, taxes, depreciation and amortisation (Ebitda) and turnover last year, according to leading analysts.Experts of Erste Bank, Bank Austria (BA) owner UniCredit and Raiffeisen Centrobank (RCB) said today (Tues) that they had expected Austria’s leading provider of telecommunication services and mobile connections to have […]

Post – police work switch flops as many fail grammar test

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General News

Nearly half of all post office clerks applying to work for the police as part of a special labour exchange programme failed basic grammar and spelling tests, it has been announced.The federal interior ministry said today (Thurs) that 759 employees of state-owned postal services provider Post AG and mobile communication services firm Telekom Austria (TA) […]

Beyrer gets ÖIAG top job

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Business

Markus Beyrer, the general secretary of the Federation of Austrian Industries (IV), has been appointed as the new head of Industry-Holding Stock Corporation ÖIAG.ÖIAG’s supervisory board unanimously voted for Beyrer yesterday afternoon (Tues). Around 40 businesspeople applied for the post, according to reports. Former Telekom Austria (TA) and VimpelCom boss Boris Nemsic was the only […]

Ametsreiter wants higher education expenditure

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Business

Telekom Austria (TA) boss Hannes Ametsreiter has called for more investments in the education sector.The businessman said today (Thurs) Austria must “urgently” think about how to improve the education system.”We must spend more on education if Austrian firms want to be able to compete internationally. Austria has always had a high creative potential. We must […]

Greek challenge hits TA’s Serb bid

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Business

Telekom Austria’s (TA) efforts to acquire a majority of Serbia’s state-owned telecommunications company have suffered a significant throwback.The country’s federal Minister of Telecommunications and Information Society Jasna Matic confirmed reports that the government has been in talks with Greek firm OTE over the purchase of a 20 per cent share in Telekom Srbija.TA was being […]

TA seen in pole position for Serb snatch

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Business

Telekom Austria (TA) are considered favourites to take over a majority stake in Telekom Srbija.The Austrian company confirmed today (Fri) it has been looking at the tender papers for the planned sale of a 50 per cent interest in the Serbian telecommunications provider.France Telecom, Germany’s Deutsche Telekom and Egyptian firm Orascom Telecom are also interested […]

TA to finalise Velcom takeover

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Business

Telekom Austria (TA) is to fully take over a leading Belarusian mobile communications firm, it has been announced.TA, which has 16,000 employees and more than 21 million customers across Europe, said today (Tues) it finalised the purchase of 100 per cent of Minsk-based Velcom.The Austrian company headed by Hannes Ametsreiter already acquired 70 per cent […]

Serbia upset as TA eyes Kosovan firm

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Business

Telekom Austria (TA) confirmed today (Tues) it was interested in snatching a stake in a Kosovan telecommunication firm.A spokesman for TA, which leads the Austrian mobile services market, announced the company was one of five firms which have informed the Kovovan government of their interest in the 75 per cent share of state-owned PTK on […]