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20. 06. 12. - 18:00

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20. 06. 12. - 18:00

Telekom Austria stock rises after Slim move

Telekom Austria rose in Vienna after Erste Group advised investors that they should accumulate stock in the wake of investment from Mexican billionaire Carlos Slim.

Telekom Austria rose as much as 6 cents, or 0.8 percent, to 8.05 euros a share and traded at 8.048 euros at 9:26. a.m. in Vienna. Erste, which previously told clients to reduce their Telekom Austria holdings, raised the company’s target price by 10 percent to 9 euros a share.

The new recommendation is based on the "takeover fantasy" inspired by Slim’s commitment to take a 26 percent stake in the company, analyst Vera Sutedja wrote in a report published today.

"It is possible that America Movil will not stop at the current level of ownership," Sutedja wrote, referencing Slim’s flagship company.

"One buys into this stock with the expectation that another investor would buy at a higher price in the future to gain more control."

Vienna Times

Spanish Riding School for everyone
The riding centre of Heldenberg, district of Hollabrunn (Lower Austria) is now offering exclusive courses: professional riders of the Spanish Riding School of Vienna teach interested riders.

Vienna advocates a ban on pesticides
Vienna has now joined those Austrian states that advocate a cooperative strategy for a ban of the neonicotinoids pesticides. Apparently, there are tested alternatives for the pesticides that are harmful for bees.

Huge debate over multilingualism in Austria
Possible projects for a "multilingual oriented educational concept" have led to a debate in Vienna. The SPÖ, ÖVP and FPÖ are currently discussing the two sides of the issue: "multilingualism as a chance" and "German as a priority".

Exhibition Drawing Against Oblivion
The Leopold Museum in Vienna opened the the exhibition "Drawing against oblivion" on 17 May. Manfred Bockelmann drew more than 60 portraits of children and teenagers, who were victims of the Nazi terror.

Swap deals legal case gets underway
The civil case of the city of Linz, Upper Austria, against the Bawag bank about the swap deal will start on 24 May. The maximum amount of damage for Linz could be as much as 417 million Euros in the worst case.

Third man accident leaves man in hospital
A 55-year-old man fell during the "Third Man Tour", which leads visitors through the Viennese canal system. He is said to have suffered a femoral neck fracture.

Charity seeks funds to restore Jewish cemetery
SAFIKG – the Society of American Friends of the Jewish Community Vienna was formed as a U.S. registered charity to allow it to support the IKG (Israelitische Kultusgemeinde Wien) with tax deductible American contributions.

Doves released for funerals offer
The Viennese funeral parlour Furtner now offers a symbolic supplement of the classic funeral. White doves can be released into the sky during the ceremony.

US embassy marks international day against homophobia
The International Day Against Homophobia and Transphobia (IDAHO) took place on 17 May. On this occasion, the rainbow flag was raised next to the American flag at the building of the US embassy in Vienna.

Key for Two at Viennas English Theatre [Review]
Key for Two at Vienna’s English Theatre is a quintessentially British comedy. The play by John Chapman and Dave Freeman has to be one of the funniest and timeless shows about in the Austrian capital.