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General

America Movil submits formal offer for Telekom Austria

Thursday 15 May 2014 | 10:40 CET | News
America Movil has formally submitted its takeover offer for Telekom Austria, reports Reuters. It has offered EUR 7.15 per share for the rest of the stock not already owned by the Mexican telecoms company or its partner, Austrian state holding company OIAG. The offer will be open for eight weeks, expiring at 17.00 hours CET on 10 July. The buy-out will cost America Movil up to USD 2 billion. This is in addition to the USD 1 billion acquiring its existing 27 percent stake in Telekom Austria.

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