Telekom Austria CEO: Cooperation with America Movil Going Well
August 16 2012 - 5:48AM
Dow Jones News
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
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