 A1 Telekom Austria lowered its 2020 revenue forecast and cut its spending plans for the year after lower roaming income due to coronavirus-related travel restrictions and foreign exchange effects weighed on second-quarter core profit. As the further effects of COVID-19 are difficult to predict, precautionary cuts in capital expenditure and operating expenses will help to further secure flexibility, Chief Operating Officer Alejandro Plater said in a statement. The new investment plan does not include investments in new spectrum for 5G applications and potential acquisitions. 