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General

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

Thursday 1 May 2014 | 11:34 CET | News
America Movil expects regulators to approve its deal to take control of Telekom Austria within 4-8 weeks, according to CFO Carlos Garcia Moreno, reports Reuters. He expects the tender offer to launch in the next 2-3 weeks and said it should be outstanding for some time, depending on regulatory approvals. He said that the capital hike at Telekom Austria was not contingent on the tender offer. Last week, America Movil agreed to invest up to EUR 1 billion in the Austrian operator via a rights issue. It will also spend as much as USD 2 billion to buy out minority shareholders in a mandatory

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