VIENNA (Reuters) – Telekom Austria may have to risk its credit rating, which it said earlier this year was its top priority, to raise debt for a costly frequency auction, its chief executive said.
The company said late on Monday it would pay 1.03 billion euros ($1.41 billion) to buy half the spectrum on offer in an auction for Austrian fourth-generation frequencies, almost three times as much as most analysts had expected.
VIENNA, Oct 21 (Reuters) – Austria raised 2.01 billion euros
($2.75 billion) in an auction for fourth-generation telecoms
frequencies which was among the costliest in Europe to date and
totalled almost four times the amount targeted.
The telecoms watchdog said on Monday Telekom Austria
paid 1.03 billion euros for 14 frequency blocks,
Deutsche Telekom’s T-Mobile 654 million for 9 blocks
and Hutchison Whampoa’s H3G 330 million for five.
VIENNA (Reuters) – Telekom Austria (TELA.VI: Quote, Profile, Research, Stock Buzz) will pay around 1 billion euros ($1.4 billion) for new telecoms spectrum in an auction that will net around 2 billion euros for the government, a newspaper reported.
Austria’s WirtschaftsBlatt, citing well-informed sources, said Deutsche Telekom’s (DTEGn.DE: Quote, Profile, Research, Stock Buzz) T-Mobile Austria would pay 700 million euros and Hutchison Whampoa’s (0013.HK: Quote, Profile, Research, Stock Buzz) H3G would hand over 300 million.
VIENNA, Oct 21 (Reuters) – Telekom Austria will
pay around 1 billion euros ($1.4 billion) for new telecoms
spectrum in an auction that will net around 2 billion euros for
the government, a newspaper reported.
Austria’s WirtschaftsBlatt, citing well-informed sources,
said Deutsche Telekom’s T-Mobile Austria would pay
700 million euros and Hutchison Whampoa’s H3G would
hand over 300 million.
VIENNA/FRANKFURT, Oct 9 (Reuters) – Telekom Austria
is set to pull out of the bidding for Serbian cable
operator SBB due to uncertainty over how much it will have to
pay for new frequencies on its home turf, a source close to the
Results of an Austrian frequency auction likely to cost
Telekom Austria hundreds of millions of euros are expected only
next week, two industry sources said, but binding bids for SBB
are due on Thursday, according to a financial source.
VIENNA (Reuters) – Austrian oil and gas group OMV (OMVV.VI: Quote, Profile, Research, Stock Buzz) is committed to Libya despite conflict that has disrupted production and caused some oil majors to abandon projects there, its chief executive said.
Gerhard Roiss said production lost in Libya in the third quarter through labor strikes, militias and political activists that blocked oil fields and ports amounted to less than half a percent of total annual group production.
VIENNA (Reuters) – Lucian Freud did not live to see the first exhibition of his paintings in Vienna, the city his grandfather Sigmund fled in 1938, but he helped plan the retrospective that opens this week.
Freud, considered the greatest British painter of his generation, moved with his family from Berlin to London in 1933 to escape the rise of Nazism. Four of his great-aunts were killed in concentration camps during the Holocaust.
VIENNA (Reuters) – Prospects of a center-right government in Austria faded on Friday as both the conservative People’s Party and the far-right Freedom Party (FPO) moved away from a possible alliance with the new Euroskeptic party of industrialist Frank Stronach.
The 81-year-old billionaire Austro-Canadian car parts magnate tried to break the stranglehold of the Alpine EU nation’s two mainstream parties by creating a pro-business force advocating deregulation and a possible withdrawal from the euro.
VIENNA, Oct 1 (Reuters) – Austria’s auction for
fourth-generation telecoms frequencies is into its fourth week
with bids already about four times the minimum price set by the
regulator, according to Reuters calculations.
Based on confidential information about the auction from a
source close to the process, conservative calculations show the
total bid volume close to 2 billion euros ($2.7 billion).
VIENNA (Reuters) – The partners in Austria’s pro-Europe, centrist coalition scraped a combined majority on Sunday despite recording their worst election results since World War Two and losing support to the far-right Freedom Party and a new liberal party.
Chancellor Werner Faymann’s Social Democrats (SPO) – who had campaigned on a platform of defending jobs and pensions and redistributing wealth – got 27.1 percent of the vote, down more than two points from 2008, preliminary results showed.