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 just over half of Telekom Austria
    MEXICO CITY (Reuters) - Carlos Slim's America Movil said on Monday it will take control of just over half of Telekom Austria in a $1 billion buyout offer, giving the Mexican billionaire a base to build up his presence in European telecoms. America Movil ...
    07/14/2014 - 12:02 pm | View Link
  • America Movil deal sends Telekom Austria stocks soaring
    Vienna (dpa) - Shares of telecommunications provider Telekom Austria jumped 7.6 per cent Thursday, after Latin American market leader America Movil signed a deal to increase its clout in the Austrian company and in European markets. Mexico-based America ...
    04/23/2014 - 1:00 pm | View Link
  • KPN says on better terms with América Móvil
    KPN signalled ... América Móvil CEO Daniel Hajj told Reuters. Hajj added that it would need to maintain a stake of more than 20 per cent to continue working with the company. Meanwhile Blok also told the FT he is confident that the European Commission ...
    02/13/2014 - 5:54 pm | View Link
  • América Móvil free to raise stake in KPN
    América Móvil terminated its agreement to limit its stake in KPN, opening the door to the possibility that the firm will raise its stake beyond the 28 per cent it currently owns or even bid for the entire company. The move puts KPN's plans to sell its ...
    07/30/2013 - 6:18 am | View Link
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