AUSTRIA: CYBERTRON TAKES OVER HAPPYNET

Article Abstract:

The Austrian data and voice communication provider CyberTron Telekom has taken over 51% of the stock of the company Happynet, which mainly develops software for internet applications for corporate and private clients. The deal that took effect at the beginning of year 2000 involved the acquisition of a stake in Happynet (25%) and a capital increase of Happynet Dienstleistungs GmbH (26%). Happynet, which was set up in 1996, employs 15 staff and generated a turnover of Sch 20.6mn in the fiscal year to 30 September 1999. The company is making profits. Beside using Happynet as a development centre for new internet products, CyberTron is to expand its broad-band directional radio infrastructure. It is also planning expansion in providing the last mile link to telephone customers.

Strategy & planning, Radio Broadcasting, Radio broadcasting industry, Internet software, Happynet Dienstleistungs GmbH

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AUSTRIA/ITALY: DEUTSCHE TELEKOM'S TAKEOVER PLANS

Article Abstract:

"Sources close to Telekom Austria" suggest that Deutsche Telekom is interested in taking a majority stake in Austria's former telecoms monopoly. The state-controlled company, in which Telecom Italia holds a 25% plus one share stake, is to be launched on the stock exchange. Telekom Austria's director general Werner Kasztler says that also alternatives to a stock exchange launch are being considered. There is also speculation about Olivetti, which beat Deutsche Telekom in the battle for Telecom Italia, being the next takeover candidate. Deutsche Telekom could be a likely buyer. The acquisition of Mannesmann by Vodafone has added pressure on Deutsche Telekom.

Italy, Foreign operations, Deutsche Telekom AG, Telekom Austria, Ing. C. Olivetti e Compagnia S.p.A., Telecom Italia S.p.A.

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AUSTRIA: RESULTS OF CYBERTRON

Article Abstract:

Turnover of the Austrian telephone operator CyberTron grew more than fivefold to Sch 207mn in 1999, according to preliminary results. Reasons were the takeover of the competitor M.I.T. and the strong December. Losses before interest, tax and depreciation increased from Sch 68.8mn to Sch 174mn. Break-even is expected in operating profits by the end of 2000.

Sales, profits & dividends

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