As per the content delivery network Akamai, Europe as a continent has the fastest Internet in the world on an average. All the places are suffering from for a technical malfunction. This would result in cutting down of the internet for hours. This cannot be expected at the Broadband World Forum in Amsterdam.

According to a new report, Telekom rating in Austria has been downgraded by Moody's. Moody's has done this after its current financial debt caused by the increase of the mobile spectrum in an auction in Austria.

The rating agency believes the EUR 1 B acquisition will put negative effect on the financial terms of the Company.

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.

Randall Stephenson, Chief Executive at AT&T Inc., said he sees a great opportunity to invest in mobile broadband in Europe. He said there are high chances to gain big profits in the already being generated services in the United States.

A former Vodafone Australia executive has been appointed by OPTUS for the position of head of its network operations. He will have the responsibility to expand its 4G mobile footprint.

Japanese carrier NTT Docomo has announced the acquisition of Fine Trade, an Austrian e-commerce solution provider for an undisclosed amount of over tens of millions of Euros. The company has not revealed the terms of business yet.

As per reports, it has been unveiled that Telekom Austria AG has been giving a stiff competition to acquire cable operator Serbia Broadband.

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.