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General

Telekom Austria board neutral on America Movil bid

Wednesday 28 May 2014 | 09:22 CET | News
The management board of Telekom Austria has given a neutral opinion on America Movil's proposed takeover for the company. In a report on its evaluation of the bid, the board said it would not give a specific recommendation on whether shareholders should accept or reject the offer. The management's own plans suggest a higher enterprise value for the company than the EUR 7.15 per share offered by America Movil. At the same time this is based on the assumption that the operator's key markets will recover eventually - something uncertain at the moment. Furthermore the management's discounted cash

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