A fourth corruption trial involving Ex- Telekom Austria Bosses was started on Thursday.

Former CEO Heinz Sundt and Finance Chief Stefano Colombo of Telekom Austria are accused of selling a property at the half rates of its true value without the actual process.

Telekom Austria AG (TKA) is one of the two European network operators part that is owned by Carlos Slim's America Movil SAB (AMX). TKA revealed the earnings in third-quarter decreased because of extreme domestic competition by European economies.

According to a latest report, the Telekom Austria Group has come up with a new solution called 'SMARTify'. This product is the introduction of a smart metering system and marks the onset of smart measurement scenario.

A newspaper has reported that Telekom Austria has agreed to pay around 1 billion euros for new telecoms spectrum. It will happen in an auction that will net around 2 billion euros for the government.

Austria's WirtschaftsBlatt said 700 million euros will be paid by Deutsche Telekom's (DTEGn. DE) T-Mobile Austria. Moreover, Hutchison Whampoa's H3G will be handing over 300 million.

After the launch of M2M connectivity platform, Simplify, Telekom Austria Group has extended its M2M portfolio with a launch of an application. The M2M application is a platform for remote monitoring, automation and control for metering devices, industrial plants and machines in the field.

Telekom Austria and Dutch group KPN have been reported to have joined forces in order to offer internet-based data services to wholesale and large business customers. The group is the European rival in which Mexican tycoon Carlos Slim has invested.

As per recent reports, it has been unveiled that Telekom Austria Group has chosen Coriant's hiT 7300 to carry out certain improvement tasks with regard to converged fixed line and mobile services.