Saturday, 10 December 2016

America Movil brokers deal for Telekom Austria takeover

By Nick Wood, Total Telecom
Thursday 24 April 14

Mexican telco reaches agreement with OIAG; will offer €7.15 per share for all outstanding shares in Austrian incumbent.

America Movil will launch a takeover bid for Telekom Austria after striking a deal late on Wednesday to combine its stake in the operator with that of state holding firm OIAG. The Mexico-based telco giant, which owns 26.8% of Telekom Austria, has agreed to a tie-up with OIAG, which holds 28%. The deal is conditional on Telekom Austria remaining headquartered in Austria…

America Movil will launch a takeover bid for Telekom Austria after striking a deal late on Wednesday to combine its stake in the operator with that of state holding firm OIAG. The Mexico-based telco giant, which owns 26.8% of Telekom Austria, has agreed to a tie-up with OIAG, which holds 28%. The deal is conditional on Telekom Austria remaining headquartered in Austria…

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