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AUSTRIA: UTA'S TARGETS FOR 2001

Article Abstract:

UTA aims at a turnover of Sch 3.5bn in 2001, up from Sch 2.1bn in 2000 and Sch 1.15bn in 1999. Losses are to be cut by half again. In 2000 the loss (ebitda) decreased by 50% to Sch 840mn. The company expects a positive ebitda for 2002. UTA aims to increase the number of companies as clients. In 2000 about 14,500 of the company's 400,000 or so telephone subscribers (up from 270,000 in 1999) were companies. In 2001 data transmission and internet should contribute 50% to UTA's turnover, up from 44% in 2000. Following the acquisition of the internet service provider Netway, UTA aims to overtake Jet2Web as the leading ISP. the number of internet clients is to be increased from 250,000 to 350,000 in 2001.

Publisher: Unabhaengige Tageszeitungs fuer Oesterreich
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 2001
Strategy & planning

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AUSTRIA: SPECULATION ABOUT SWISSCOM, UTA

Article Abstract:

UTA is taking over Netway, an internet access provider and fixed-line network operator. In a share swap, Raiffeisen banks and the insurance company Uniqa will get a stake in UTA. Reportedly the stake will be just under 10% and come from the current shareholders, i.e. Swisscom and Austrian regional power companies. Currently the Swiss telecoms group holds 50% plus one share. If these speculations turn out correct, this would explain Swisscom's reserve in bidding for UMTS licences.

Publisher: Unabhaengige Tageszeitungs fuer Oesterreich
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 2000
Asset sales & divestitures, Foreign operations, Swisscom AG, Union de Transports Aeriens

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Subjects list: Austria, Internet service providers, Telephone services
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