Telekom Austria has made its first investment in a company fostered by its start-up program.

The operator’s A1 subsidiary has invested €600,000 in Parkbob, a smart parking app.

Parkbob combines real-time parking data with a database of parking regulations, linking these with geo-information to show where parking is allowed, what it costs and where free parking spaces are in real time.

Other investors, including the Austrian Research Promotion Agency, have matched A1’s investment, giving Parkbob €1.2 million to expand its footprint.

By the end of this year, it will be available in 50 cities in Europe and North America.

Parkbob is part of the A1 Start Up program, which began in 2013 and has seven companies on its books.

It was founded by Christian Adelsberger, who currently serves as the company’s CEO.

A1 Chief Executive Margarete Schramböck said: "Parkbob really convinced us; we believe in the team of Christian Adelsberger and his idea.”

Alejandro Plater, CEO of Telekom Austria Group, added: "In addition to the standard package we offer, we decide on a case-by-case basis how intensively we support a start-up.

“If we see strategic touch points as we have seen with Parkbob, we are also prepared to make case-by-case investments in the future.”

Read more: Telekom Austria CEO looks forward after “very tough” 2016

More News

Iliad enters content game in France, finally launches Italian mobile business Iliad enters content game in France, finally launches Italian mobile business Iliad has acquired football rights in France and launched its opco in Italy as it looks to reboot after a disappointing set of financial results. More detail
Three UK appoints new CCO, CFO Three UK appoints new CCO, CFO The departure of Three UK's Chief Commercial Officer after just 18 months in the job has triggered a shake-up of the mobile operator's top team. More detail
TalkTalk to sell enterprise customer base to Daisy as it registers full-year loss TalkTalk to sell enterprise customer base to Daisy as it registers full-year loss TalkTalk has agreed to sell 80,000 business customers to rival Daisy Group in a £175 million deal. More detail
A1 Telekom Austria Group rebrand reaches Bulgaria A1 Telekom Austria Group rebrand reaches Bulgaria Bulgaria is the third A1 Telekom Austria Group opco to get rebranded as the telco looks to market itself as a provider of "advanced" IT, IoT, cloud and content services. More detail
Orange Business Services puts IoT to use on saving ships’ fuel costs Orange Business Services puts IoT to use on saving ships’ fuel costs Orange Business Services has expanded its work with Dobroflot by developing a customised IoT solution for the Russian fishing company. More detail
    

 

European Communications is now
Mobile Europe and European Communications

  

From June 2018, European Communications magazine 
has merged with its sister title Mobile Europe, into 
Mobile Europe and European Communications.

No more new content is being published on this site - 

for the latest news and features, please go to:
www.mobileeurope.co.uk 

 

@eurocomms