America Movil aims to expand European operations

Thursday 8 January 2015 | 16:39 CET | News
Mexican telecommunications firm America Movil did not rule out a further capital increase in Telekom Austria to fund acquisitions in central and eastern Europe, Reuters writes citing a report by Austrian magazine News. America Movil owns nearly 60 percent of the Austrian operator. America Movil CFO Carlos Garcia Moreno affirmed that if there are opportunities for Telekom Austria to expand through acquisitions, the situation will be analysed and the possibility of a capital increase will be considered. Telekom Austria operates in Austria, Macedonia, Belarus, Croatia, Bulgaria, Slovenia, Serbia

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Categories: General
Companies: A1 Telekom Austria / America Movil
Countries: Austria / Mexico
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