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America Movil secures just over 50% of Telekom Austria

2014-07-15 09:59:00| Telecompaper Headlines

(Telecompaper) America Movil announced that 23.47 percent of Telekom Austria's shares were tendered in its takeover bid, raising its total stake to 50.80 percent of the operator. The Mexico-based operator agreed in May a joint shareholding pact with the Austrian government, which will retain a 25 percent stake in the company. America Movil's public bid of EUR 7.15 per share closed on 10 July. Shareholders can continue to sell shares at the same terms for another three months. 

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