Tuesday, 13 October 2009
I'm in Vienna at the moment, hearing about Telekom Austria's strategy for both its fixed and mobile units. It's interesting how much more subdued the company has become since Boris Nemsic left - but that's not just because Nemsic left of course. The company has been forced to sooth ruffled shareholder feathers over its expansion strategy - investors accused the operator of empire building, according to CFO Hans Tschuden. Now the focus is on cash flow, dividends and shareholder value. The mini mobile empire is to be retained, but there are no plans to expand it further. No wonder Nemsic left really - it must have become a very dull place for him. Instead he has gone to stir things up at Russian mobile operator Vimpelcom!