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 - 9:00 pm | View Link
  • America Movil Holders Back Slim From Breakup to Expansion
    America Movil wants to develop in Eastern European countries, Chief Executive Officer Daniel Hajj said in a February conference call. Telekom Austria already operates in countries including Bulgaria, Serbia and Belarus. According to laws signed by ...
    07/16/2014 - 10:00 pm | View Link
  • America Movil takes majority stake in Telekom Austria
    Latin American telco America Movil has upped its stake in Telekom Austria to a majority 50.8% after agreeing to buy some €743.4 million-worth of shares in the European operator. Announcing the deal this morning, Telekom Austria said that America Movil ...
    07/15/2014 - 2:30 am | 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 - 11:58 am | View Link
  • Telecom giant America Movil to sell some assets
    MEXICO CITY, Mexico — THE telecom company America Movil said Tuesday that it will sell off some assets to reduce its market share in Mexico in the face of the country's telecommunications reform designed to break up monopolies. The company of magnate ...
    07/10/2014 - 11:23 pm | View Link
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