America Movil secures just over 50% of Telekom Austria

News General Austria 15 JUL 2014
America Movil secures just over 50% of Telekom Austria

America Movil announced that 23.47 percent of Telekom Austria's shares were tendered in its takeover bid, raising its total stake to 50.80 percent of the operator. The Mexico-based operator agreed in May a joint shareholding pact with the Austrian government, which will retain a 25 percent stake in the company. The holding of just over 50 percent gives America Movil management control of Telekom Austria. 

America Movil's public bid of EUR 7.15 per share closed on 10 July. Shareholders can continue to sell shares at the same terms for another three months. 

Categories:

General

Companies:

A1 Telekom Austria,  America Movil

Regions:

Europe

Countries:

Austria

Tags:

Voice services, Internet Access, Financial funding, M&A buyouts & divestments

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