Business Summary: Telekom Austria AG is a telecommunications provider. The Company and its subsidiaries are engaged as full service telecommunications providers of long distance, local and wireless services, and corporate data communications services, as well as Internet services and television broadcasting. It also supplies telephones and technical equipment for telephone communications. The Company operates through seven geographical segments: Austria, Bulgaria, Croatia, Belarus, Slovenia, Republic of Macedonia, all of which provide convergent telecommunication products for voice telephony (mobile and fixed-line telephone service), Internet access, Internet Protocol television (IPTV) services, and data and information technology (IT) solutions, and Republic of Serbia, which offers mobile communication and Internet services.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2024, Telekom Austria AG revenues increased 3% to EUR5.32B. Net income decreased 3% to EUR625.9M. Revenues reflect Bulgaria segment increase of 10% to EUR812.9M, Croatia segment increase of 9% to EUR562.4M, Serbia segment increase of 5% to EUR390.2M. Net income was offset by Austria segment income decrease of 21% to EUR386.8M, Slovenia segment loss increase from EUR5.3M to EUR14.2M.