February 12, 2019 / 6:10 PM / 4 days ago

A1 Telekom Austria 2018 profit falls 30 percent

VIENNA, Feb 12 (Reuters) - A1 Telekom Austria reported on Tuesday a 30 percent fall in its full year profit, dropping due to investment in digitalisation, restructuring, advertising and higher taxes.

The company, majority-owned by Mexican tycoon Carlos Slim’s America Movil, said net profit was 242.7 million euros ($274.7 million).

$1 = 0.8835 euros Reporting by Kirsti Knolle Editing by Edmund Blair

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