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

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