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General

Trade union says govt should keep stake in Telekom Austria

Friday 30 August 2013 | 10:09 CET | News
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Austrian communications sector trade union OGB said staff at Telekom Austria are concerned about the current rumours of a capital increase at the company and the possibility that America Movil use the opportunity to take a majority stake. Employee representatives are calling for the state to maintain its 28.42 percent holding in the operator. They said through partial privatisations of OMV, the mail service and Telekom Austria, the government has lost EUR 1.25 billion to EUR 1.78 billion in dividends. State participation in Telekom Austria should be made part of the constitution, they said.

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