Get Live Data

The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Latest Share Chat

  2. Share Prices
  3. Vodafone Share Price
  4. Vodafone Share News
  5. UPDATE 1-Telekom Austria to save 100 mln eur in 2013-analysts

Pin to quick picksVodafone Share News (VOD)

Vodafone Information

Share Price Information for Vodafone (VOD)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 74.18
Bid: 74.36
Ask: 74.40
Change: -1.14 (-1.51%)
Spread: 0.04 (0.054%)
Open: 75.18
High: 75.84
Low: 74.18
Prev. Close: 74.18
VOD Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-Telekom Austria to save 100 mln eur in 2013-analysts

Tue, 15th Jan 2013 13:52

* Chunk of 100 mln euro savings to go on handset subsidies * Potential KPN synergies could strain Vodafone relationship * Shares fall 0.5 percent VIENNA, Jan 15 (Reuters) - Telekom Austria plansto save 100 million euros ($134 million) in operating costs thisyear, said analysts who attended a company meeting withinvestors on Tuesday. A large part of the savings are likely to be spent on moregenerous handset subsidies for customers as the group seeks toattract and keep subscribers in its highly competitive domesticmarket, the analysts told Reuters. Despite a recently completed 1.3 billion euro takeover ofOrange Austria by Hutchison Whampoa that reduced thenumber of mobile operators in Austria to three from four,Telekom Austria is expecting little let-up in competition. Austria's biggest telecoms company, now 26 percent owned byCarlos Slim's America Movil, warned last week of afurther fall in revenue this year and said that tough conditionswould continue to weigh on margins. In a change of policy, it gave no forecast for earningsbefore interest, tax, depreciation and amortisation (EBITDA). Espirito Santo telecoms analyst Andrew Hogley, who attendedTuesday's capital markets day - which was closed to journalists- said that all of the cost savings are likely to be used forhigher handset subsidies. "At the group level the company remains unwilling to giveany targets on EBITDA, which is concerning. They say that theydo not want to be limited by being held to a target," Hogleysaid. Telekom Austria shares slipped 0.5 percent to 5.60 euros by1327 GMT, outperforming the European telecoms index,which fell 1.2 percent. Austria's telecoms market remains relatively crowded, withthree mobile operators competing for a population of only 8.4million. All-inclusive deals are available for as little at 7euros a month. A major institutional shareholder who attended the meeting,but did not want to be named because he is not authorised tospeak to the press, confirmed the 100 million euro savingstarget and said that half of that figure might remain afterhigher spending. Telekom Austria was not immediately reachable for comment. Analysts said that a search for synergies between TelekomAustria and Dutch KPN, in which Slim also built up amajor stake last year, was complicated by an existingrelationship with Vodafone that could be jeopardised. Telekom Austria has a roaming agreement with Vodafone,allowing the operators to connect to each other's networks atreduced cost, which might be worth more than any synergies withKPN, analysts reported Telekom Austria as saying.
More News
18 Dec 2023 07:59

Iliad invites Vodafone to merge their Italian operations

PARIS, Dec 18 (Reuters) - Iliad said on Monday it had submitted a proposal to Vodafone to merge their Italian businesses, adding this project had the unanimous support of its board of directors.

Read more
15 Dec 2023 18:59

Iliad wants to finalise JV proposal for Vodafone Italy by end-January -sources

LONDON/MILAN, Dec 15 (Reuters) - French telecoms group Iliad wants to finalise a proposal to Vodafone Italy to combine their Italian operations in a joint venture by the end of January, two sources briefed on the matter said.

Read more
14 Dec 2023 10:44

Sumitomo partners with Vodafone and Deloitte to speed up global trade

(Alliance News) - Sumitomo Mitsui Financial Group Inc and Vodafone Group PLC will team up with Deloitte and Nexxiot to support global autonomous freight handling, the firms announced on Thursday.

Read more
13 Dec 2023 17:07

European shares subdued as markets look to Fed decision for cues

BASF rises on UBS rating upgrade

*

Read more
12 Dec 2023 18:34

Ukraine's top mobile operator hit by biggest cyberattack of war so far

Kyivstar's IT systems 'partially destroyed'

*

Read more
12 Dec 2023 18:06

UK may ban some mid-contract mobile and broadband price hikes

LONDON, Dec 12 (Reuters) - Britain's telecoms regulator proposed banning inflation-linked price rises in the middle of customers' broadband and mobile contracts, saying the practice was unfair on consumers and hampering competition.

Read more
12 Dec 2023 16:55

LONDON MARKET CLOSE: Europe rally loses steam as focus turns to Fed

(Alliance News) - London's FTSE 100 spent most of the day solidly in the green, and the CAC 40 in Paris spiked to a record high, though Tuesday's rally waned and signs of caution emerged again ahead of a trio of central bank decisions.

Read more
12 Dec 2023 16:00

London close: Stocks slip as investors digest US inflation

(Sharecast News) - London's markets finished in the red on Tuesday, as investors digested a slight decrease in consumer inflation in the US, while the UK's unemployment figures remained stable.

Read more
12 Dec 2023 12:07

London midday: FTSE still firmer ahead of US inflation print

(Sharecast News) - London's markets remained relatively stable by midday on Tuesday, with the top-flight index still in the green after fresh jobs data showed a slowdown in wage growth.

Read more
12 Dec 2023 10:59

BT shares fall as regulator eyes ban on inflation-linked price hikes

Dec 12 (Reuters) - BT Group shares fell more than 4% on Tuesday after Britain's telecom regulator proposed a ban on inflation-linked price rises in the middle of customers’ mobile and broadband contracts.

Read more
12 Dec 2023 10:37

UK telecom regulator eyes ban on inflation-linked contract price hikes

(Alliance News) - The UK telecommunications industry regulator on Tuesday said it wants to ban price hikes linked to inflation from customer contracts.

Read more
12 Dec 2023 09:58

UK regulator seeks to ban telecom firms' inflation-linked mid-contract price hikes

LONDON, Dec 12 (Reuters) - Britain's telecom regulator Ofcom proposed banning inflation-linked price rises in the middle of customers’ mobile and broadband contracts, saying that the practice was unfair on consumers and hampering competition.

Read more
12 Dec 2023 09:28

BT shares dip as regulator eyes ban on inflation-linked price hikes

Dec 12 (Reuters) - BT Group shares fell over 4% on Tuesday, with traders linking the drop to British communications regulator Ofcom proposing a ban on mid-contract price hikes linked to inflation.

Read more
12 Dec 2023 08:48

Ofcom proposes ban on inflation-linked price rises

(Sharecast News) - Telecom firms were in the red on Tuesday, as the sector's regulator proposed a ban on inflation-linked mid-contract price rises.

Read more
7 Dec 2023 16:59

LONDON MARKET CLOSE: Stocks mute as eyes turn to US jobs data

(Alliance News) - Stock prices across Europe were muted on Thursday, as investors cautiously eye the next set of US jobs data.

Read more
5678910111213

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.