Key Developments: Telekom Austria AG (TKAGY.PK)
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Latest Key Developments (Source: Significant Developments)
Telekom Austria AG's Croatian Subsidiary Acquires Satellite TV Provider-DJ
Dow Jones reported that the Croatian subsidiary of Telekom Austria AG, Vipnet d.o.o., has acquired the Croatian satellite-television provider Digi TV. Through this acquisition, Vipnet will expand its current telephony, internet and cable television service portfolio to include digital satellite television solutions and position itself as full service provider on the Croatian television market. The transaction closing has already taken place, and confidentiality has been agreed on the purchase price. Full Article
Telekom Austria AG Completes the Acquisition of YESSS!
Telekom Austria AG announced that it has completed the acquisition of YESSS! Telekommunikation GmbH ("YESSS!"). On November 27, 2012 the Austrian Cartel Court approved the proposed acquisition of YESSS! by Telekom Austria Group without conditions. The approval decision became legally binding on December 21, 2012. After fulfilment of all conditions, in particular the closing of the acquisition of Orange Austria by Hutchison 3G Austria Holdings GmbH, the closing of the transaction and the payment of the purchase price occurred on January 3, 2013. On February 3, 2012 Telekom Austria Group announced that it has agreed to acquire frequencies, base station sites, the mobile phone provider YESSS!, as well as certain intellectual property rights owned by Orange Austria, for a total amount of up to EUR 390.0 million. Full Article
Telekom Austria AG Receives Court Approval for Proposed Acquisition of YESSS! Telekommunikation GmbH
Telekom Austria AG announced that it has received the decision of the Austrian Cartel Court to approve the proposed acquisition of YESSS! Telekommunikation GmbH ("YESSS!") by Telekom Austria AG without conditions. This ruling is not legally binding, it is subject to appeal by the Austrian Federal Competition Authority and the Federal Cartel Attorney within four weeks from service of the decision. On February 3, 2012, Telekom Austria Group announced that it has agreed to acquire frequencies, base station sites, the mobile phone provider YESSS! as well as certain intellectual property rights owned by Orange Austria for a total amount of up to EUR 390 million. Full Article
Telekom Austria AG Reiterates FY 2012 Outlook
Telekom Austria AG announced that it has reiterated its outlook for the fiscal year 2012. For the fiscal year 2012 the Company expects revenues of approximately EUR 4,200.00 million, EBITDA comparable of between EUR 1,400.00 million and EUR 1,450.00 million, CAPEX of between EUR 700.00 million and EUR 750.00 million and Operating Free Cash Flow of between EUR 700.00 million and EUR 750.00 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2012 revenue of EUR 4,241.08 million, fiscal year 2012 EBITDA of EUR 1,407.54 million and fiscal year 2012 CAPEX of EUR 726.02 million. Full Article
America Movil SAB de CV Acquires Stake In Telekom Austria AG
America Movil SAB de CV announced that it acquired on September 25, 2012 approximately 16% of social capital of Telekom Austria AG. As a result of this operation, America Movil SAB de CV owns approximately 22.76% stake in the Company. No further details were disclosed. Full Article
Telekom Austria AG Lowers FY 2012 Dividend; Announces FY 2013 Dividend; Confirms FY 2012 Guidance
Telekom Austria AG announced that it has lowered its dividend from EUR 0.38 per share to EUR 0.05 per share for the fiscal year 2012 and has set the planned dividend for the fiscal year 2013 to EUR 0.05 per share. This is a result of the expectation that the intensification of the competition in Austria will continue in 2013. Together with adverse macro-economic conditions in CEE as well as regulatory pressure going forward, this is anticipated to have a material impact on the financial results and the cash flow generation in 2013. At the same time, the postponement of the spectrum auction in Austria to 2013 will amplify cash requirements in the coming year. Furthermore, the Company announced that it has confirmed its financial outlook for the fiscal year 2012, and expects revenues of approximately EUR 4,200.00 million, EBITDA comparable of between EUR 1,400.00 million and EUR 1,450.00 million, CAPEX (capital expenditures) of between EUR 700.00 million and EUR 750.00 million and Operating Free Cash Flow of between EUR 700.00 million and EUR 750.00 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2012 revenue of EUR 4,259.80 million, fiscal year 2012 EBITDA of EUR 1,422.69 million and fiscal year 2012 CAPEX of EUR 724.68 million. Full Article
Telekom Austria AG Revises FY 2012 Guidance; to Distribute FY 2012 Dividend
Telekom Austria AG announced that it has revised its guidance for the fiscal year 2012. The Company expects to report revenues of approximately EUR 4,200.00 million, EBITDA comparable of between EUR 1,400.00 million and EUR 1,450.00 million, CAPEX (capital expenditures) of between EUR 700.00 million and EUR 750.00 million and Operating Free Cash Flow of between EUR 700.00 million and EUR 750.00 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2012 revenue of EUR 4,295.41 million and fiscal year 2012 EBITDA of EUR 1,441.55 million. Furthermore, the Company announced that it will distribute a dividend of EUR 0.38 per share for the fiscal year 2012. Full Article
Slim In Talks For 21% Stake Of Telekom Austria AG-Reuters
Reuters reported that Telekom Austria AG shareholder Ronny Pecik is in advanced talks to sell his 21% stake to Mexican tycoon Carlos Slim, who is seeking to expand his telecom empire into Europe. If the talks are fruitful, it would be a big step in Slim's effort to expand the footprint of his company America Movil in Europe. Slim already owns 4.1% of Telekom Austria. Full Article
Mexico's Slim Buys Stake In Telekom Austria AG-Reuters
Reuters reported that Mexico's Carlos Slim has purchased a 4.1% stake in Telekom Austria AG. Full Article
Telekom Austria AG Acquires Croatia's B.net Cable Operator-DJ
Dow Jones reported that Telekom Austria AG said it has acquired Croatia's cable operator B.net for EUR93 million. Telekom Austria AG said the purchase will be made using existing cash flow, and will occur through its Croatian subsidiary Vipnet. Full Article
Banker jailed for 5 years in Telekom Austria case - APA
VIENNA, April 5 - A banker found guilty of manipulating Telekom Austria's share price to trigger bonuses for former managers at the company was handed a five-year jail term on Friday, Austria's national press agency APA reported.
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