Austria still open to Telekom sale

9 Feb 2009

The Austrian government is still considering the sale of its 27% stake in the country’s dominant fixed line and wireless operator Telekom Austria, though it will only consider what it calls ‘sensible options’. Talks have already been held with Egypt-based telecoms holding company Orascom, and a report from Reuters, which cites local newspaper Die Presse, says the Egyptian firm is not yet ‘out of the race’. A number of Russian and Middle Eastern operators have also been linked as potential buyers. Telekom Austria has been the subject of takeover speculation for some time; negotiations over a merger with Swiss counterpart Swisscom in 2004 came to nothing. The government’s stake in Telekom Austria is valued at around EUR1.4 billion (USD1.8 billion).

Austria, A1 Telekom Austria Group