Dragged down by a double-digit decline in its fixed-line business, Telekom Austria said that its revenues in the second quarter declined by almost 7% year-on-year to 1.19 billion euros. Stripping out the impact of currency movements, revenues in its mobile business rose 0.2%.
The group postponed investments and cut capital spending to 149 million euros from 191 million in the second quarter of 2008. source: Telekom Austria statement
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