America Movil Extends European Push

Mexican billionaire Carlos Slim bought a 21% stake in Telekom Austria, hard on the heels of his bid for a major stake in Dutch phone company Royal KPN.

Topics:  carlos slim   telekom austria   dutch   royal kpn   stake   
BING NEWS:
  • Oi, America Movil, Telefonica to bid for Brazil's TIM
    SAO PAULO/MILAN (Reuters) - Brazil's Grupo Oi SA, Mexico's America Movil SAB and Spain's Telefonica SA agreed to place a joint bid worth around 32 billion reais (8.13 billion pounds) for control of TIM Participações SA , Brazil's No. 2 wireless carrier ...
    10/31/2014 - 10:11 am | View Link
  • America Movil second quarter profit jumps 32.7
    At the same time, the company is increasing its presence in the European market. Last week, America Movil announced a bigger stake at 50.8 percent to take majority control of Telekom Austria after a 1 billion buyout of minority shareholders.
    07/22/2014 - 5:46 am | View Link
  • Regulators approve America Movil move into CEE markets
    Vienna (dpa) - Mexican telecommunications giant America Movil has won approval from market regulators to enter into a deal to gain greater control over Central and Eastern European provider Telekom Austria, the Vienna-based company said Monday. The ...
    06/29/2014 - 1:00 pm | View Link
  • América Móvil prepared to withdraw KPN offer over Dutch resistance
    Analysts suggest that América Móvil might now go to court to challenge the authority of the foundation. "We wouldn't be surprised to see AMX go to (the European Union) to challenge the authority and legality of the foundation on the back of this move ...
    08/30/2013 - 2:18 am | View Link
  • Telefonica Share Price: America Movil Vows Support for German Deal
    Following Telefonica’s initial offer, America Movil has separately launched an offer of €2.40 a share for KPN’s shares it doesn’t already own in a move designed to boost its position on the European market. KPN has responded by saying that it will ...
    08/26/2013 - 11:30 pm | View Link
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