Telekom Austria Sales Slipping

Telekom Austria said it expects revenues in 2010 to amount to roughly 4.7 billion euros compared with a forecast of 4.8 billion euros in 2009. Depending on the extent of investments for the migration to an all-IP based fixed voice network, Telekom Austria said it expects capital expenditures to be up to 800 million euros compared with a forecast of 700 million euros for 2009. The company said its capex forecast does not reflect a material roll out of glass fiber, which it does not expect to start in 2010. source: Telekom Austria statement