European Technology, Media and Telecoms Correspondent
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Nov 27, 2012

Cartel court OKs Telekom Austria takeover of Yesss

VIENNA, Nov 27 (Reuters) – Telekom Austria got the
go-ahead to buy Orange Austria’s discount mobile brand
Yesss, paving the way for a long-awaited consolidation of
Austria’s telecoms market.

The Yesss deal hinges on a 1.3 billion euro ($1.7 billion)
agreement for Hutchison Whampoa to buy Orange Austria,
which was signed in February and is likely to be approved soon
by the European Commission after a prolonged investigation.

Nov 26, 2012

Ex-EU lawmaker Strasser “harmed European politics”

VIENNA (Reuters) – Disgraced Austrian politician Ernst Strasser harmed European politics by agreeing to push for laws in the European Parliament in exchange for money, a Vienna prosecutor said when his bribery trial started on Monday.

The former Austrian interior minister and European lawmaker was caught on camera boasting of his lobbying skills and saying his clients paid him 100,000 euros ($130,000) a year for influencing legislation.

Nov 25, 2012

European lawmaker Strasser on trial for corruption

VIENNA (Reuters) – Disgraced Austrian politician Ernst Strasser goes on trial on Monday in a corruption case that has undermined trust in European and Austrian institutions.

The former Austrian interior minister and European lawmaker could face 10 years in jail if convicted, after being caught on camera offering to propose amendments to European laws in exchange for 100,000 euros ($130,000 a year).

Nov 22, 2012

“Ice lady” gets life sentence for double murder

VIENNA (Reuters) – An ice-cream parlour owner dubbed the “ice lady” for the calculated way in which she killed her ex-husband and lover was sentenced to life in a secure mental institution on Thursday.

Estibaliz Carranza, 34, had confessed to shooting the two men at close range in the back of the head, cutting up their bodies with a chainsaw, freezing them in a deep freeze and later interring them in concrete under the cellar of her store.

Nov 22, 2012

EU briefing signals nod for Austria telecoms merger

VIENNA, Nov 22 (Reuters) – European Union anti-trust
regulators are set to brief national authorities next week on
Hutchison’s planned takeover of Orange Austria, in a move likely
to signal EU approval for the deal.

The Austrian competition regulator, the BWB, said it and all
the other EU national regulators had been invited to a meeting
in Brussels on Nov. 27, at which the BWB planned to voice its
concerns about the merger to the European Commission.

Nov 19, 2012

German prosecutors think EADS paid bribes in Austria deal

VIENNA, Nov 19 (Reuters) – German prosecutors believe
European aerospace group EADS paid at least 50 million
euros ($63.5 million) in bribes to Austrian officials to secure
a $2 billion deal for Eurofighter jets, according to a document
seen by Reuters.

Authorities in Germany, Austria and Switzerland raided EADS
sites earlier this month in connection with
investigations into suspected bribery, money-laundering and
fraud related to the 2003 deal for 15 jets.

Nov 16, 2012

Austria may try to cancel EADS Eurofighter deal

VIENNA, Nov 16 (Reuters) – Austria may try to cancel its $2
billion contract to buy 15 Eurofighter jets from European
aerospace group EADS or seek damages if it finds bribes
were paid as part of the deal.

“It depends on the results of the Justice Ministry’s
investigations. It is a possibility and we should then examine
it,” Defence Minister Norbert Darabos told Austrian ORF radio.

Nov 14, 2012

Telekom Austria fights mobile price war with cuts

VIENNA, Nov 14 (Reuters) – Telekom Austria,
fighting price wars in its home mobile market and under pressure
to perform for new shareholder Carlos Slim, reported stable core
profit for the third quarter on Wednesday thanks to cost cuts
and strong landline operations.

The company’s shares, which closed on Tuesday near all-time
lows, jumped over 6 percent in early trading.

Oct 26, 2012

Ukraine’s Activ Solar eyes distressed German assets

VIENNA, Oct 26 (Reuters) – Solar parks developer Activ Solar
is on the lookout for assets from German solar firms that are in
distress as a result of falling government subsidies and cheap
competition from Asia, the company’s chief executive told
Reuters.

Vienna-based Activ Solar has built some of the world’s
biggest solar farms in Ukraine and also makes polysilicon, the
basic material of solar cells, but so far has had little
interest in manufacturing panels or modules itself.

Oct 19, 2012

OMV says production up as Yemen output recovers

VIENNA, Oct 19 (Reuters) – Austrian energy group OMV
said its production rose in the third quarter thanks
mainly to a recovery in Yemen after repairs to its oilfields and
pipelines from rebel attacks, although it made no oil shipments
out of the troubled country.

OMV, whose activities range from exploration to filling
stations, said total production edged up 1 percent to 309,000
barrels of oil equivalent per day (boepd), helped also by higher
production in Austria and Tunisia that offset a weaker Britain.

    • About Georgina

      "Currently based in London, with particular responsibility for professional publishers and the European activities of global technology, media and telecoms firms. Previously European technology correspondent based in Frankfurt. Began career in local radio in Glasgow and then worked in TV news for many years for Reuters, the BBC and Sky News in London and Moscow."
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