America Movil agrees bid to take control of Telekom Austria

Thursday 24 April 2014 | 09:46 CET | News
America Movil announced plans to launch a takeover bid for the rest of Telekom Austria, as part of a proposed shareholders agreement with the Austrian state. The Mexican company already holds 26.8 percent of the shares and plans to offer EUR 7.15 per share for the remaining shares not held by OIAG, the state holding company that will maintain 25 percent plus one share in Telekom Austria. The operator's stock rose almost 7 percent to the bid price the day after the agreement was struck. In addition to the blocking stake, the state maintained the right to nominate the CEO and chairman of

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: A1 Telekom Austria / America Movil
Countries: Austria
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


OIAG board member who opposed Telekom Austria deal resigns

Published 09 Sep 2014 13:37 CET | Austria
Brigitte Ederer is leaving the supervisory board of Austrian state holding company OIAG, according to Austrian newspaper Kurier ...

America Movil secures just over 50% of Telekom Austria

Published 15 Jul 2014 09:59 CET | Austria
America Movil announced that 23.47 percent of Telekom Austria's shares were tendered in its takeover bid, raising its total stake ...

America Movil receives greenlight to acquire Telekom Austria

Published 30 Jun 2014 16:38 CET | Austria
Mexican telecoms operator America Movil has obtained all necessary regulatory approvals to acquire Telekom Austria. The Mexican ...

TKK approves changes to A1 ownership structure

Published 19 Jun 2014 14:26 CET | Austria
Austria's telecommunications control commission (TKK) has formally approved the change its ownership structure of A1 Telekom ...

Telekom Austria board neutral on America Movil bid

Published 28 May 2014 09:22 CET | Austria
The management board of Telekom Austria has given a neutral opinion on America Movil's proposed takeover for the company. In a ...

Regulator extends review of Telekom Austria takeover

Published 27 May 2014 16:12 CET | Austria
Austria's Federal Competition Authority has extended its investigation of America Movil's proposed takeover of Telekom Austria by ...

America Movil submits formal offer for Telekom Austria

Published 15 May 2014 10:40 CET | Austria
America Movil has formally submitted its takeover offer for Telekom Austria, reports Reuters. It has offered EUR 7.15 per share ...

Telekom Austria appoints new strategy director

Published 14 May 2014 10:36 CET | Austria
Dieter Trimmel, director of the Market Development Unit at A1, has been appointed Director of Group Strategy for the Telekom ...

TA, America Movil unveil global wholesale agreement

Published 09 May 2014 11:46 CET | World
Telekom Austria Group and America Movil have announced a partnership to interconnect networks voice, roaming, data and mobile ...

A1 revenue falls 9.7% year-on-year in Q1

Published 08 May 2014 15:07 CET | Austria
Telekom Austria Group's domestic unit A1 generated revenue of EUR 614.1 million for Q1 2014, down 9.7 percent from a year ...

Telekom Austria Q1 revenue down 7%, EBITDA falls 5%

Published 08 May 2014 08:11 CET | Austria
Telekom Austria reported first-quarter revenue down 7.0 percent year-on-year to EUR 975.9 million, hurt by regulation, ...

America Movil sees Telekom Austria deal cleared in 4-8 weeks

Published 01 May 2014 11:34 CET | Austria
America Movil expects regulators to approve its deal to take control of Telekom Austria within 4-8 weeks, according to CFO Carlos ...

Competition Office notified about Telekom Austria deal

Published 30 Apr 2014 14:54 CET | Austria
The Austrian Federal Competition Office has been notified of the proposed takeover of Telekom Austria by America Movil. It is now ...

America Movil growth slows on forex effects

Published 30 Apr 2014 09:06 CET | Latin America
America Movil saw its growth slow in the first quarter, due to negative currency effects and the increased regulation in its home ...

Telekom Srbija has at least 5 interested bidders - report

Published 29 Apr 2014 11:00 CET | Serbia
Serbian daily Blic reports that there are at least five bidders interested in Telekom Srbija, namely Telekom Austria, Deutsche ...

Trade union slams America Movil-Telekom Austria pact

Published 25 Apr 2014 10:50 CET | Austria
Austrian postal and telecoms union GPF has criticised the agreement between state holding company Osterreichische ...

Union boycotts Telekom Austria vote on America Movil pact

Published 23 Apr 2014 16:01 CET | Austria
A key vote to agree a shareholders pact at Telekom Austria between America Movil and the Austrian government was boycotted by ...

Staff reps oppose OIAG-Slim deal over Telekom Austria

Published 14 Apr 2014 11:22 CET | Austria
Worker representatives on the supervisory board of OIAG oppose the syndicate agreement between America Movil and Telekom Austria, ...

OAIG board approves Telekom Austria shareholder talks

Published 01 Apr 2014 14:40 CET | Austria
The board of Austrian state holding company OIAG has given the management of Telekom Austria a mandate to negotiate a syndicate ...

Telekom Austria shareholder talks hit rough patch - report

Published 20 Mar 2014 14:20 CET | Austria
Talks between America Movil and Austrian state holding company OIAG about combining their stakes in Telekom Austria have hit a ...

America Movil now controls 26.81% of Telekom Austria

Published 17 Mar 2014 21:39 CET | Austria
Telekom Austria Group has been informed by Schoenherr Rechtsanwaelte that Carso Telecom, which is indirectly controlled by ...

Government, America Movil continue Telekom Austria talks

Published 12 Mar 2014 20:51 CET | Austria
The Austrian government and America Movil are still in talks about combining their respective stakes in Telekom Austria but have ...

Austrian govt, Slim could reach Telekom deal by May - report

Published 27 Feb 2014 11:26 CET | Austria
The Austrian government and America Movil, owned by Carlos Slim, could reach an agreement by May to combine their shares in ...

America Movil, Austrian govt discuss joint stake in Telekom

Published 25 Feb 2014 09:18 CET | Austria
America Movil announced that it has held cooperation talks with other shareholders of Telekom Austria Group, including the ...

America Movil claims long-term commitment to Telekom Austria

Published 05 Feb 2014 09:58 CET | Austria
America Movil's investment in Telekom Austria is intended as a long-term one, Carlos Slim's son-in-law Daniel Hajj Aboumrad told ...

Austrian govt open to Slim taking majority Telekom stake

Published 31 Jan 2014 17:24 CET | Austria
The Austrian government is open to America Movil holding a majority stake in Telekom Austria, reports Reuters. Speaking on ORF ...

America Movil not planning hostile Telekom Austria bid

Published 14 Nov 2013 18:17 CET | Austria
America Movil CEO Daniel Hajj said that it was not planning a hostile takeover bid for Telekom Austria following its failed ...