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America Movil increases stake in Telekom Austria to 26.8%

2014-01-17 08:22:00| Telecompaper Headlines

(Telecompaper) Mexican billionaire Carlos Slim has decided to consolidate his company and family stakes in Telekom Austria. Carlos Telecom, a subsidiary of his company America Movil registered in the Netherlands, has increased its stake in Telekom Austria to 26.8 percent, after purchasing a 3.14 percent stake from a family foundation. The Austrian government remains the largest shareholder in the operator, with 28 percent. The move by Slim clarifies the company's position before regulators, showing its full indirect and direct stake via a number of subsidiaries. Once a company's cumulative shareholding, it can be required to launch a bid for the rest of the company's shares. In November 2012, America Movil said it was not planning any hostile bid for Telekom Austria.

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Deutsche Telekom fuels T-Mobile US sale talk

2014-01-17 01:00:00| Total Telecom industry news

German incumbent transfers 67% stake to Dutch holding company.

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America Movil ups Telekom Austria stake

2014-01-17 01:00:00| Total Telecom industry news

Mexico-based telco edges closer to mandatory offer threshold.

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Telekom Austria Ag Stock Rating Upgraded by Ubs Ag

2014-01-14 02:34:43| Steel - Topix.net

Shares of Telekom Austria AG traded up 1.55% during mid-day trading on Monday, hitting $17.00.

Tags: rating stock ag austria

 

New era for Deutsche Telekom as Höttges becomes CEO

2014-01-02 01:00:00| Total Telecom industry news

German incumbent faces stern tests both home and abroad; Thomas Dannenfeldt becomes finance chief.

Tags: era deutsche ceo telekom

 

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