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   
  • 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.
    07/21/2014 - 10:45 pm | View Link
  • America Movil To Own Majority Stake In Telekom Austria
    Upon settlement of the offer, America Movil will directly and indirectly hold 225.09 million shares in Telekom Austria, representing about 50.8 percent of the European carrier's share capital. The acquisition will enable America Movil to bolster its ...
    07/14/2014 - 3:11 pm | View Link
  • América Móvil says it's not in Europe to make a fast buck: report
    Carlos Slim's América Móvil has big plans for its stake in Telekom Austria and has not invested in the Austrian operator simply to make a fast buck, the company CEO told an Austrian newspaper. On the occasion of a visit to Mexico by an Austrian business ...
    02/4/2014 - 6:46 pm | View Link
  • América Móvil acquisition opportunities may exist in Eastern Europe, says analyst
    Acquisition opportunities for Mexican telco América Móvil (NYSE: AMX) may exist in Eastern European markets, Jake Saunders, VP of forecasting for technology market intelligence firm ABI Research, told BNamericas. América Móvil is a very strong player ...
    11/19/2013 - 7:31 am | View Link
  • America Movil drops offer for the Netherlands’ KPN
    The announcement effectively brings to an end an attempt by the Latin American operator to broaden its foothold in the European market. “America Movil will not launch the intended offer,” the company said in a statement. The bombshell decision came ...
    10/17/2013 - 3:55 am | View Link
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