Telekom Austria: Welcomes Investor America Movil
June 15 2012 - 6:27AM
Dow Jones News
By Nicole Lundeen
VIENNA--Austrian telecommunications Telekom Austria AG (TKA.VI)
welcomes the entrance of Mexico's American Movil SAB (AMX) as a
shareholder, Telekom Austria said Friday in a statement.
"We welcome the new investor America Movil, one of the biggest
and most successful telecommunication companies in the world. As a
strategic and long-term investor, the company [America Movil] with
its know-how and knowledge of the industry will contribute to our
company's economic success," said Telekom's chief executive, Hannes
Ametsreiter.
America Movil officially holds 4.96% in Telekom Austria, but has
agreements to purchase a further 20.96% from investor Ronny Pecik.
Pecik holds just over 20% in Telekom Austria through his companies
Marathon Zwei Beteiligungs GmbH and RPR Privatstiftung.
Write to Nicole Lundeen at nicole.lundeen@dowjones.com
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