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Telekom Austria CEO Says MVNO Entrants to Raise Price Pressure 2014-01-30 11:00:00.16 GMT
By Alexander Weber Jan. 30 (Bloomberg) -- Several mobile virtual network operators will probably start in Austria this year, Telekom Austria CEO Hannes Ametsreiter tells journalists in Vienna. * NOTE: European Commission ordered Hutchison’s Austrian unit to offer as many as 16 MVNO access to its network * CEO sees “no earthquake” among customers after recent price increases * NOTE: Austrian mobile prices rose as much as 11% in 4Q * Says co. needs an appropriate price level for investments * Has no information about plans of America Movil, has “excellent relationship” with all shareholders * NOTE: America Movil owns 26.8% of Telekom Austria, Austrian state holding owns 28.4%: Bloomberg data * Says co. has “enough money” for Slovenian spectrum auction * Reiterates reduction of roaming, interconnection fees will cut profit by ~EU290m through 2016 * NOTE: Co. to report full-year results on Feb. 26
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--Editor: Jurjen van de Pol
To contact the reporter on this story: Alexander Weber in Vienna at +43-1-513-2660-13 or aweber45@bloomberg.net
To contact the editor responsible for this story: Mariajose Vera at +49-89-244478-803 or mvera1@bloomberg.net