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General

America Movil denies capital hike for Telekom Austria

Sunday 19 July 2015 | 11:22 CET | News
Mexico's America Movil said Telekom Austria unit did not need a capital increase, after Austrian daily Die Presse reported that it might ask investors for EUR 1.5 billion in new funds to finance its daily operations and fund further expansion in Europe, reports Reuters. "This company has sufficient equity today, I think, to manage its day-to-day operations adequately," CFO Carlos Garcia Moreno said on a conference call. Separately, America Movil executives told a conference call that they expect the spin off of its Mexcian towers into the new company Telesites to happen in the third quarter,

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