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General

America Movil to buy 21% stake in Telekom Austria

Friday 15 June 2012 | 09:24 CET | News
America Movil announced an agreement to acquire a 21 percent stake in Telekom Austria. This marks the Mexican company's second foray into Europe, after it earlier launched a bid for a 28 percent stake in Dutch operator KPN. The Austrian deal is with Marathon Zwei Beteiligungs, a wholly owned subsidiary of RPR Privatstiftung, the private trust set up by Ronny Pecik. The Mexican company will initially acquire 5 percent, and the remaining 16 percent will require government approvals. The total acquisition should be completed this year. America Movil already holds a 1.7 percent stake in Telekom

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