Telekom Austria said it expects the difficult environment which has dominated the current financial year to prevail also in 2010, reports Telecompaper. Revenues for the financial year 2010 are expected to amount to roughly EUR4.7 billion, versus an estimated EUR4.8 billion this year. The company has already initiated significant cost reduction programs in segments addressing both staff and non-staff related expenses to mitigate the impact from lower revenues. Including the expected cost savings, EBITDA should reach about EUR1.6 billion, down from around EUR1.8 billion in 2009, the firm said.