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AMOV - America Movil SAB De CV News Story

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Sector
Telecoms
Size
Large Cap
Market Cap £34.50bn
Enterprise Value £58.72bn
Revenue £35.98bn
Position in Universe 256th / 6853

A1 Telekom Austria Q4 core profit up 6.4%

Tue 11th February, 2020 6:14pm
VIENNA, Feb 11 (Reuters) - A1 Telekom Austria  TELA.VI 
reported a 6.4% increase in core profit in the fourth quarter
helped by strong revenue growth in its central and eastern
European markets.
    Earnings before interest, tax, depreciation and amortisation
came in at 355.5 million euros on revenue of 1.2 billion euros,
it said on Tuesday.
    The group, which is controlled by Mexico's America Movil
 AMXL.MX  and the Austrian state, expects revenue to increase
1-2% this year and plans to spend 770 million euros excluding
investments in new spectrum for 5G applications and potential
acquisitions.
    "Besides Austria, 5G will also become an issue in our other
markets: Slovenia already has a 5G base station, Bulgaria is
testing streaming and gaming as well as robotics and there are
5G trials in Croatia and Northern Macedonia," said Chief
Operating Officer Alejandro Plater.
    

 (Reporting by Kirsti Knolle
Editing by Chizu Nomiyama)
 ((kirsti.knolle@thomsonreuters.com; +43 1 2530 1650 13;))
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