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General

America Movil not planning hostile Telekom Austria bid

Thursday 14 November 2013 | 18:17 CET | News
America Movil CEO Daniel Hajj said that it was not planning a hostile takeover bid for Telekom Austria following its failed attempt to acquire Dutch operator KPN, reports Reuters. He said that America Movil regarded itself as a stable partner of the Austrian government and did not acquire its Telekom Austria stake in order to take over the company. Speaking to 'News' magazine, he said that people could expect many things from the company, but nothing hostile. America Movil controls 23 percent of Telekom Austria, with the Austrian government controlling 28 percent.

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