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General

TA CEO says Slim investment will support expansion

Monday 30 July 2012 | 15:46 CET | News
Telekom Austria Group CEO Hannes Ametsreiter expects the investment by Carlos Slim-owned America Movil in the company to strengthen its capital and allow it to expand when acquisition opportunities emerge in Eastern Europe, APA reports. In an interview with the latest edition of Austrian business magazine 'Trend', Ametsreiter said that the entire European telecoms industry was undergoing a period of consolidation, and that being a larger player with a cash-rich partner was a strong advantage. Ametsreiter said that the group was keen to expand in markets where it already has a presence by

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Categories: General
Companies: Telekom Austria Group
Countries: Austria / Eastern Europe
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