AUSTRIA: COLT EXPANDING IN INTERNET MARKET

Article Abstract:

The British telecoms company Colt is to set up Internet Solution Centres (ICS) in Brussels, Madrid, Milan, Stockholm, Vienna and Zurich in addition to the existing ones in London, Amsterdam, Frankfurt and Paris. Colt is considering two alternative locations for the ICS in Vienna. The Sch 200mn facility is to become operational in the third quarter of year 2000. Colt says that it will be the first full-service provider for business customers . Beside banks and insurance companies, it is targeting multimedia start-ups. Colt is spending another Sch 100mn on extending its fibreoptic network in Vienna from 40 km to 60 km. By the end of year 2000 the number of buildings connected to the network is to increase from 35 to 80. Colt, which is to double the number of staff to 100 in year 2000, expects a turnover of Sch 250mn.

Other Communications Equipment Manufacturing, Fiber Optics Systems & Equip, Communications equipment, not elsewhere classified, Fiber optic networks, Colt Inc.

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AUSTRIA: FORECAST FOR E-COMMERCE MARKETS

Article Abstract:

On the basis of a study by the Gartner Group, Intel's director for Central Europe estimates that in year 2003 there will be 4.8mn internet users in Austria, each of them spending about EUR 529 per quarter on internet shopping. By then Austrian companies will spend about EUR 1.24bn on internet infrastructures. This is three times the spending in year 2000. Gartner Group forecasts that in 2005 internet shopping will account for about 25% of consumer spending and 70% of business-to-business transactions. A study by International Data Corp. (IDC) states that 23% of Austrian internet users use the net for shopping. 78% use it for information, 75% for e-mail, 59% for just surfing, 31% for software downloads, 27% for games, 26% for chatting, 21% for solving information technology problems, and 15% for bookings.

Market information - general, Database Vendors, Information retrieval services, Database industry, Internet service providers, GartnerGroup Inc., International Data Corp., GART

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AUSTRIA/MIDDLE EAST: YLINE TO SET UP BRANCH

Article Abstract:

YLine, the Austrian Vienna-based internet company, is to set up a computer centre in the Middle East. The new unit somewhere between Dubai and Cairo will involve an investment of EUR 10mn to 15mn. It might be set up as a joint venture. The founder of YLine, Werner Bohm, has announced that the number of directors will be reduced from 5 to 3 and the number of staff by 5-10% from 160 at present. YLine, which has received a capital injection of about EUR 50mn from the US fund Navigator, is planning no major acquisition for the time being.

Foreign operations, Commercial and Institutional Building Construction, Nonresidential Buildings NEC, Nonresidential construction, not elsewhere classified, Egypt, Yemen, Construction, Buildings

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