Three's purchase of Tele2 Austria will intensify competition in the converged services market. Its decision to focus on the enterprise and IoT market is sound, given the entrenched positions of A1 and UPC in the consumer space, but upselling converged services to Tele2 customers will likely meet with limited success in the crucial short to medium

Austria-based energy drink producer Red Bull has announced a drop in revenues for 2009 which it has attributed to the global economic slowdown. For the year the company's net sales came in at EUR3.27bn, down 1.5% on the previous 12 months. The drop in sales follows dynamic growth in previous years (see chart) and while BMI agrees that the global