Telekom Austria hopes to have stabilized core profits in its fiercely competitive domestic market next year through cost cuts and less generous handset discounts, its finance chief said on Wednesday. Hans Tschuden told the annual Morgan Stanley Technology, Media and Telecoms conference in Barcelona that an end to price wars between Austria's three mobile operators was now in sight following an unexpectedly expensive frequency auction that hurt all three, and that Telekom Austria might stop subsidizing phones so heavily. "With measures of cost-cutting, reviews of subsidy policy, we should be able - maybe, if everything turns out fine - to see a stabilization of EBITDA (earnings before interest, tax, depreciation and amortization) in Austria," Tschuden said. Austria, where the price of the cheapest all-inclusive monthly packages available recently rose to 10 euros ($13.46) from 7.50 euros, accounted for 59 percent of group EBITDA in the first nine months of 2013, down 14 percent from a year earlier.
via Tech News Headlines - Yahoo! News http://news.yahoo.com/telekom-austria-sees-chance-stabilize-profits-home-181416453--finance.html
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