The owners of the telephone giant have opted for a new structure: the approximately 12,000 transmission towers will be housed in their own company, which will become independent. The syndicate agreement with majority shareholder América Móvil has been extended until 2033. However, he will be the CEO from the fall.
Telekom Austria (TA) is getting a new structure. The majority shareholders América Móvil (51%) and ÖBAG (28.4%) agreed to this and extended the syndicate contract, which was due to expire shortly, until 2033. He guarantees eg B. the residence of the headquarters in Austria.
But there is a dichotomy: the approximately 12,000 cell towers (Belarus is exempt due to the sanctions), more than half of which are in Austria, will be spun off into a separate company and will run parallel to TA in the future. This follows the international trend. Because as long as the masts are from A1, other providers refuse to rent there.
In the future, the aim is to win other customers as well. However, the owners of this “tower company” remain the same as TA, who then pays “rent” to the new company for its use. ÖBAG boss Edith Hlawati and finance minister Magnus Brunner have vehemently rejected a possible sale of the radio towers to financial investors.
The telephone business with approximately 22 million customers in seven countries remains the main activity of the A1 Telekom Austria Group (last € 4.7 billion turnover with 18,000 employees). They want to invest a billion euros in the expansion of the high-speed network in Austria. América Móvil has confirmed that it will remain a long-term investor. However, as the majority shareholder, they will claim the chairmanship of the board from the autumn.
Arnoldner must vacate the executive chair
This means that Thomas Arnoldner will have to leave the chairmanship of the board after the end of his contract this year. Whether he remains on the board as a deputy or z. Whether his old colleague Alejandro Plater becomes CEO again will be decided in the coming weeks.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
