European Technology, Media and Telecoms Correspondent
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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.

Oct 17, 2012

Mobile Austria aims to reverse sales decline by 2015

VIENNA, Oct 17 (Reuters) – T-Mobile Austria plans a strategy
of rising prices and cost cuts, the unit’s new chief executive
said on Wednesday, as the group tackles the tough competition
and price pressures which are endemic in the sector.

The company, a Deutsche Telekom AG unit which
ranks as Austria’s second-biggest mobile provider after Telekom
Austria AG, saw its sales fall 6 percent and core
profit drop 11 percent last year despite an 8 percent increase
in customer numbers to 4.1 million.

Oct 10, 2012

Sudan, South Sudan pledge peace, seek investment

VIENNA (Reuters) – Sudan and South Sudan pledged to work together to rebuild their shattered economies and not to return to war in a joint plea for foreign investment after signing a critical trade and border agreement last month.

In their first high-profile appearance together since signing the deals, ministers from the two countries told an investment conference in Vienna they would work to make peace.

Oct 9, 2012

Austria bourse fears new EU tax will sap trade

VIENNA, Oct 9 (Reuters) – Vienna’s stock exchange said on
Tuesday it feared losing even more trade as a result of a tax on
financial transactions set to be introduced in Austria and some
other euro zone countries.

Eleven euro zone countries agreed on Tuesday to push ahead
with the tax in a breakthrough for an initiative that has been
pushed hard by Germany and France but opposed by several other
European Union countries.

Oct 4, 2012

IEA head sees no golden age soon for European gas

VIENNA (Reuters) – Europe is unlikely to benefit soon from a coming golden age of natural gas as unconventional sources will not transform supply of the fuel and oil-linked contracts will keep its prices high, the head of the International Energy Agency (IEA) said.

“The rosy global outlook for gas is not necessarily reflected in Europe today,” Maria van der Hoeven told an energy conference in Vienna on Thursday. “The verdict on the golden age of gas in Europe? It’s unlikely to emerge in Europe any time soon.”

    • 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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