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.
The industry organization's major initiatives will address broadband differentiation based on quality of experience, global test labs for services, 5G, multi-access strategies and more, say CEO Robin Mersh and CMO Geoff Burke in an interview with BBWN.
Mike Zeto, GM of AT&T's Smart Cities division, expects metro areas to adopt platforms to manage multi-departmental IoT solutions once internal processes are aligned and more agencies are involved in smart city applications.
Fiber optic cable vendor Prysmian Group is now shipping its FlexRibbon Technology-based, US-sourced and made 6912 fiber MassLink Cable to service providers seeking densification for 5G or solutions for filled ducts.
Consumers are buying millions of IoT devices, from smart thermostats and security systems to intelligent entertainment setups and furniture. Yet many of these devices remain isolated because home users are uncomfortable connecting them to each other – or even their WiFi. After all, their WiFi network was probably designed only to handle a few laptops, a gaming system and a couple of smartphones. Now, demand on the network is surging and even though you're delivering 100 Mbps to 1 Gbps, that doesn't necessarily mean the broadband power is in the right place or reaches every corner of a home.
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