Telekom Austria is a telecommunications company based in Austria. Co. is engaged in offering fixed line, data communications and Internet fixed line activities from its wireline segment. The wireline segment also comprises data and IT solutions, Internet access and media, value-added and... More
Tuesday, Feb 2512:15 PM
Tuesday, Feb 2512:15 PM| Comment!
- America Movil (AMX +0.6%) has confirmed reports it's talking with Austrian government holding company OIAG to pool their stakes (26.8% and 28.4%, respectively) in Telekom Austria (TKAGY +1.9%) to form a syndicate. Such a deal would trigger an offer for outstanding Telekom Austria shares, thus paving the way for Carlos Slim's company to gain control of the Austrian carrier.
- Austria's economy minister says talks between the government and AMX could conclude within weeks.
- With AMX seeing minimal service revenue growth in its core Latin American markets, the company is increasingly turning its eyes toward Europe. AMX withdrew an offer for Dutch carrier KPN in October after talks broke down over price.
Thursday, Nov 142013, 1:42 PM
Thursday, Nov 142013, 1:42 PM| Comment!
- A month after withdrawing its $10.7B bid for Dutch carrier KPN following stalled negotiations, America Movil (AMX +1.4%) is ruling out a hostile bid for 23%-owned Telekom Austria (TKAGY -3.1%). Many have expected AMX to make a play for another European carrier following its failure to acquire KPN.
- Daniel Hajj, Carlos Slim's son-in-law, says AMX will remain a "stable partner" for Telekom Austria, but wasn't clear on whether or not the Latin American mobile giant would maintain or raise its stake if/when Telekom Austria goes through with an expected capital raise.
- The Austrian government owns 28% of Telekom Austria, and has said it wants to keep a stake of at least 25%.
Friday, Jun 152012, 3:57 AMAmerica Movil (AMX) agrees to buy a 21% stake in Telekom Austria (TKAGY.PK) from shareholder Ronny Pecik, a move that "is part of AMX's geographic diversification strategy and provides an attractive presence in Central and Eastern Europe." Financial terms weren't disclosed. |Friday, Jun 152012, 3:57 AM| Comment!
Thursday, Jun 142012, 9:58 AM