Telekom Austria

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Telekom Austria AG
Type Aktiengesellschaft
Traded as WBAGTKA
Industry Telecommunications
Founded 1998
Headquarters Vienna, Austria
Key people Hannes Ametsreiter (CEO), Hans Tschuden (CFO), Rudolf Kemler (Chairman of the supervisory board)
Products Fixed line and mobile telephony, internet, digital television, IT services
Revenue €4.33 billion (2012)[1]
Operating income €456.8 million (2012)[1]
Profit €103.84 million (2012)[1]
Total equity €836.1 million (end 2012)[2]
Owner(s) Capital Group Companies (7.94%)[3]
Employees 16,446 (FTE, end 2012)[2]
Website www.telekomaustria.com

Telekom Austria Group is a provider of a range of fixed-line, mobile, data, and Internet services. The company has a 100 percent share in Austrian telecommunications provider A1 Telekom Austria.[4] Its headquarters are in Vienna.[5]

Telekom Austria operates subsidiaries in eight European countries: Austria, Belarus, Bulgaria, Croatia, Liechtenstein, Macedonia, Serbia, and Slovenia. The company's portfolio encompasses products and services of voice telephony, broadband Internet, multimedia services, data, and IT solutions, wholesale as well as mobile payment solutions.

History[edit]

Telekom Austria's earliest predecessor, the state-owned K.K Post- und Telegraphenverwaltung (PTV), was formed in 1887 when all telephone and mail services in Austria-Hungary were taken over by the state. After World War I, the Austrian portion of the company became simply Post- und Telegraphenverwaltung.

In 1996, with the passage of the Post Restructuring Act, PTV was restructured as a public corporation, Post-und Telekom Austria AG (PTA AG). Only two years later, the telecommunications sector was fully deregulated and PTA was split, with the telecom side becoming Telekom Austria. The company was fully privatised in 2000 and was listed on the Vienna Stock Exchange and the New York Stock Exchange (it delisted from the latter in 2007).

In June 2000, the company invested about 15 million euros to rebrand itself as Jet2Web. However, Jet2Web failed to succeed in the market, because it was perceived as unreliable. The use of the name was discontinued in 2002, and the company name Telekom Austria was revived as the brand name with a new logo.[6]

In June 2006, the company was split into the holding company Telekom Austria Group, with the public switched telephone network becoming Telekom Austria FixNet AG, which was later renamed Telekom Austria TA AG. In doing so, Telekom Austria FixNet AG became a sister company of affiliate Mobilkom Austria AG.

Both merged in 2010 to form A1 Telekom Austria.[7] Foreign subsidiaries of Mobilkom Austria were transferred to the holding company, so that A1 Telekom Austria would only deal with the Austrian market.

In 2011, misdemeanours by company directors between 2004 and 2006 became public, erupting into a scandal known as the Telekom-Affäre.

Key figures[edit]

As of the end of 2012, Telekom Austria Group had 16,446 employees and generated about €4.33 billion in revenues and a net profit of €103.8 million.[8]

Stakeholders[edit]

On April 23 2014 Carlos Slim, owner of America Movil, took control of Telekom Austria by signing a deal to combine their shares in a syndicate holding structure, spending as much as $2 billion to buy out minority shareholders and investing up to 1 billion euros ($1.38 billion) into the company. America Movil sees it as "platform for expansion into central and eastern Europe". Labor representatives boykotted the OIAG supervisory board meeting for 12 hours criticizing lack of explicit job guarantees. [9]

As of 2012, about 49% of the stock had been in free float including employees and self-control. About 28% was owned by the Austrian government through the Österreichische Industrieholding, and about 22% was by América Móvil, both directly and through its Dutch subsidiary América Móvil Europa B.V.[10] The Capital Group Companies have an ownership share of 7.94%.

Foreign subsidiaries[edit]

Telekom Austria operates the following subsidiaries in foreign markets:

Management[edit]

Telekom Austria's CEO is Hannes Ametsreiter. The vice-CEO and CFO is Hans Tschuden.

References[edit]

  1. ^ a b c Financial Statements 2012
  2. ^ a b 4-Year-Summary
  3. ^ Telecompaper, 21. June 2011, Telekom Austria Group shareholder cuts stake to under 10%
  4. ^ Ownership structure - Telekom Austria. Retrieved July 2, 2013.
  5. ^ "Address Headquarter
  6. ^ http://www.news.at/articles/0224/30/36476_s1/neue-dachmarke-jet2web-nie
  7. ^ http://derstandard.at/1277337495041/Donnerstag-Fusion-von-Telekom-und-Mobilkom-im-Firmenbuch
  8. ^ http://derstandard.at/1361241382982/Telekom-Austria-reduziert-Minus-kraeftig
  9. ^ Georgina Prodhan; Angelika Gruber (24 April 2014). "Slim seeks to build Telekom Austria into European player". Reuters. Retrieved 24 April 2014. ""There came a point where we felt there was just not very much more to be done in terms of expansion in the Americas," Garcia Moreno told a news conference in Vienna" 
  10. ^ http://www.telekomaustria.com/ir/shareholderstructure.php

External links[edit]