Telekom Austria

Telekom Austria Group is a provider of a range of fixed-line, broadband Internet, multimedia services, data, and IT solutions, wholesale as well as mobile payment solutions. Its headquarters are in Vienna. The company operates subsidiaries in eight European countries: Austria, Belarus, Bulgaria, Croatia, Liechtenstein, Macedonia, Serbia, and Slovenia. Its largest subsidiary is the Austrian telecommunications provider A1 Telekom Austria.

History

Telekom Austria's earliest predecessor, the state-owned K.K Post- und Telegraphenverwaltung (PTV), was formed in 1887 when all telephone and mail services in Austria-Hungary were taken over by the state. After World War I, the Austrian portion of the company became simply Post- und Telegraphenverwaltung.

In 1996, with the passage of the Post Restructuring Act, PTV was restructured as a public corporation, Post-und Telekom Austria AG (PTA AG). Only two years later, the telecommunications sector was fully deregulated and PTA was split, with the telecom side becoming Telekom Austria. The company was fully privatised in 2000 and was listed on the Vienna Stock Exchange and the New York Stock Exchange (it delisted from the latter in 2007).