Telekom Austria Posts 2011 Net Loss

Telekom Austria AG

swung to a net loss in 2011. Telekom Austria posted a net loss of EUR252.8 million in 2011, versus a net income of EUR195.2 million in 2010. Its total revenue dropped 4.2% to EUR4.45 billion. Its earnings before interest, taxes, depreciation and amortization declined 7.2% y/y to EUR1.53 billion. Telekom Austria shares closed at $22.81 yesterday.