FlixBus Expands Routes from Bulgaria: New Connections to Thessaloniki, Athens, and More
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M-Tel Pumps Up Telekom Austria's Profit
Business | March 14, 2006, Tuesday // 00:00
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The acquisition of Bulgaria's largest mobile operator MobilTel EAD has puffed up fourth-quarter profit of Telekom Austria AG.
The Austrian largest phone company reported its September-December profit climbed by 66%, helped by the purchase of the Bulgarian mobile operator.
Net income rose to EUR 41.6 M from EUR 25 M a year earlier.
The Vienna-based company forecast revenue growth will slow this year, but predicted sales will climb about 5%.
Sales gained 7.9% in 2005, helped by the July purchase of MobilTel, Chief Executive Officer Heinz Sundt said.
The Austrian largest phone company reported its September-December profit climbed by 66%, helped by the purchase of the Bulgarian mobile operator.
Net income rose to EUR 41.6 M from EUR 25 M a year earlier.
The Vienna-based company forecast revenue growth will slow this year, but predicted sales will climb about 5%.
Sales gained 7.9% in 2005, helped by the July purchase of MobilTel, Chief Executive Officer Heinz Sundt said.
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