Slim in Austria for the long-haul; America Movil throws weight behind Telekom

5 Feb 2014

Carlos Slim’s America Movil group has not invested in the Telekom Austria Group simply to make a ‘fast buck’, the company’s CEO has told Austrian newspaper Krone. Daniel Hajj Aboumrad, who is also Slim’s son-in-law, clarified that AM’s stake in Telekom Austria is an important investment, noting: ‘Above all, we see Telekom Austria’s entrenchment in Eastern Europe as valuable and promising for the future. We are long-term investors.’

According to TeleGeography’s GlobalComms Database, Slim holds a total direct/indirect shareholding of 23.67% in Telekom, while state-owned holding company OIAG is the largest shareholder with a 28.42%. In an unexpected development, Rudolf Kemler, the head of OIAG, recently admitted that the Austrian government is now prepared to let AM become the biggest investor in the company.

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share