Telekom Austria CEO: Cooperation with America Movil Going Well

Date : 08/16/2012 @ 5:48AM
Source : Dow Jones News
Stock : America Movil, S.A.B. de C.V. American Depository Receipt Series L (AMX)
Quote : 17.95  0.19 (1.07%) @ 4:00PM

Telekom Austria CEO: Cooperation with America Movil Going Well

America Movil (NYSE:AMX)
Historical Stock Chart

5 Years : From Jul 2012 to Jul 2017

Click Here for more America Movil Charts.

By Nicole Lundeen

VIENNA--The cooperation between the Mexican telecommunications company America Movil S.A.B. de C.V. (AMX.MX) and Austrian telecommunications company Telekom Austria AG (TKA.VI) is going well, Telekom Austria Chief Executive Hannes Ametsreiter said Thursday.

The CEO said there were ongoing discussions between the two companies and he expects synergy effects in areas such as purchasing and content.

America Movil is awaiting Austrian government approval to buy a stake from Austrian investor Ronny Pecik. This purchase along with holdings the company already has and holdings purchased by the Slim family would push the total shareholding to over 25% in Telekom Austria.

Under Austrian law, foreign holdings of over 25% of certain companies deemed important to the state must be approved by the government. Mr. Ametsreiter said there were positive signals about the process.

Write to Nicole Lundeen at nicole.lundeen@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


Latest AMX Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.