0
General

Telekom Austria launches EUR 1 bln rights issue

Friday 7 November 2014 | 09:02 CET | News
Telekom Austria has launched a share issue to raise up to EUR 1 billion to strengthen its balance sheet. Existing shareholders will receive the right to one new share for every two existing shares they hold in Telekom Austria, at a discounted price of EUR 4.57 per share. The subscription period will run from 10-24 November. America Movil and the Austrian state holding company OIAG, the operator's two biggest shareholders, have agreed to subscribe for their pro rata shares of the offering. This was part of their agreement earlier this year that handed management control of the company to

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: A1 Telekom Austria / America Movil
Countries: Austria
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

America Movil denies capital hike for Telekom Austria

Published 19 Jul 2015 11:22 CET | Austria
Mexico's America Movil said Telekom Austria unit did not need a capital increase, after Austrian daily Die Presse reported that ...

Telekom Austria forecasts return to revenue growth in 2015

Published 11 Feb 2015 10:07 CET | Austria
Telekom Austria reported revenues for 2014 down more than expected, but managed to improve its margins thanks to cost efficiency ...

America Movil aims to expand European operations

Published 08 Jan 2015 16:39 CET | Austria
Mexican telecommunications firm America Movil did not rule out a further capital increase in Telekom Austria to fund acquisitions ...

Telekom Austria raises nearly EUR 1 bln in rights issue

Published 25 Nov 2014 09:22 CET | Austria
Telekom Austria has completed its rights issue, raising EUR 997 million. The number of outstanding shares will increase by 221.5 ...

Telekom Austria warns of higher personnel costs

Published 20 Nov 2014 13:46 CET | Austria
Telekom Austria is facing higher personnel costs as a result of a European Court of Justice (ECJ) decision over the annual pay ...

Telekom Austria confirms plans for capital increase

Published 23 Oct 2014 08:56 CET | Austria
Telekom Austria has confirmed plans to hold a capital increase by the end of the year. The operator received approval from ...

America Movil holds nearly 60 percent of Telekom Austria

Published 21 Oct 2014 10:53 CET | Austria
Mexico's America Movil has announced that its subsidiary Carso Telecom received 38,436,668 shares representing approximately 8.68 ...

Telekom Austria EGM clears authorised capital, new articles

Published 15 Aug 2014 10:12 CET | Austria
Telekom Austria Group said shareholders at its Extraordinary General Meeting (EGM) on 14 August passed the motion to create ...

OIAG to borrow EUR 280 mln for Telekom Austria capital hike

Published 28 Jul 2014 09:42 CET | Austria
Austrian state holding company OIAG will borrow the EUR 280 million it needs to maintain its 28.4 percent stake in Telekom ...

America Movil receives greenlight to acquire Telekom Austria

Published 30 Jun 2014 16:38 CET | Austria
Mexican telecoms operator America Movil has obtained all necessary regulatory approvals to acquire Telekom Austria. The Mexican ...