Thursday, 08 December 2016

Telekom Austria takes €400m Bulgaria haircut

By Nick Wood, Total Telecom
Thursday 26 June 14

Growing cost of capital, macroeconomic outlook to hit telco's first-half earnings.

Telekom Austria late on Wednesday announced it will take a €400 million impairment charge on its Bulgarian subsidiary Mobiltel in the first half. "This impairment is primarily due to an increase in the cost of capital&hellip…

Telekom Austria late on Wednesday announced it will take a €400 million impairment charge on its Bulgarian subsidiary Mobiltel in the first half. "This impairment is primarily due to an increase in the cost of capital&hellip…

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