Wednesday, 23 May 2018

Make up your own minds on America Movil, Telekom Austria tells shareholders

By Mary Lennighan, Total Telecom
Wednesday 28 May 14

Austrian incumbent's supervisory and management boards decline to make a recommendation on Mexican telco's takeover offer.

The people in charge of Telekom Austria have declined to pass judgement on America Movil's takeover bid, leaving it up to shareholders to make up their own minds about the €7.15 per share offer. In line with Austrian takeover law, the telco's management board said in a statement on Tuesday that it will not give an explicit recommendation on the offer because it is unable to clearly assess whether the offer price values the operator correctly…

The people in charge of Telekom Austria have declined to pass judgement on America Movil's takeover bid, leaving it up to shareholders to make up their own minds about the €7.15 per share offer. In line with Austrian takeover law, the telco's management board said in a statement on Tuesday that it will not give an explicit recommendation on the offer because it is unable to clearly assess whether the offer price values the operator correctly…

TT PREMIUM CONTENT

If you are a subscriber login here


To access premium content you need to upgrade your account. To find out more click here

Since you're here...

...the Telecoms industry is characterised by constant change and evolution. That's why it's crucial for telecoms professionals to keep up-to-date with what is happening. Join 35,000+ of your peers and sign up to our free newsletter service today, to be in the know about what is going on. PLUS, as a member you can submit your own press releases!

See all membership options

Please enable JavaScript to view the comments powered by Disqus.

Newsletter signup

Quickly get on board and up to date with the telecoms industry