With an acquisition budget of $1 billion, Telekom Austria could reshape the eastern European broadband market, the company CEO reportedly told media this week.
During a press conference in Vienna, CEO Alejandro Plater said Telekom Austria wanted to enter new markets in the area. The service provider also is considering strengthening its existing footprint in regions such as Belarus, Croatia and Macedonia, Reuters reported.
"If you don't expand you will not be relevant," Plater said, according to Reuters.
The news is of particular interest since Telekom Austria is owned, in large part, by América Móvil, which focuses on Latin America. Telekom Austria Group serves nearly 21 million mobile subscribers and more than 6 million fixed-line customers in Austria, Bulgaria, Croatia, Belarus, Macedonia, Serbia and Slovenia, wrote Iain Morris in sister site Light Reading.
The Austrian service provider reported revenue of €4.4 billion ($5.4 billion) in 2017, up 3% on sales in 2016, and made nearly €1.4 billion ($1.7 billion) in earnings (before interest, tax, depreciation and amortization), an increase of 2% over the prior 12-month period.
With such apparent financial strength, Telekom Austria appears poised to invest in sometimes capital-hungry solutions such as fiber (FTTx) for under- or unserved regions, as well as the expansion of Gfast technologies for urban areas with many multi-dwelling units. Pouring these foundations would then enable the operator to advance further into services such as smart city, smart home and enterprise offerings.
In a flurry of activity throughout the week, Donald (DJ) LaVoy, Deputy Under Secretary for Rural Development at the US Department of Agriculture, and his team spent about $145.8 million in the non-urban or suburban areas of seven states.
Calix reported revenue of $120.19 million – up 4% – in Q4 2019, putting a bounce in the step of company president and CEO Carl Russo and a shine to Calix's ongoing transition from hardware vendor to a provider of platforms enabled by cloud, APIs and subscriber experience.
Looking to curtail e-waste and improve the bottom line, BT will require customers to return routers and set-top boxes, although subscribers will not have to pay a fee when they receive regular broadband equipment.
Deploying DOCSIS 3.1 across its entire footprint gave Rogers Communications the ability to offer speeds of up to 1 Gbit/s,
contributing to a broadband segement that generated about 60% of the Canadian operator's $3.05 billion (US) in Q4 cable earnings.
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