AM confirms Telekom Austria shareholder agreement with OIAG

24 Apr 2014

America Movil (AM), acting through its wholly owned subsidiary Carso Telecom, has entered into a shareholders’ agreement with Austrian state holding company Osterreichische Industrieholding AG (OIAG), with respect to their participations in Telekom Austria Group. As part of the transaction, OIAG and AM have agreed – subject to the closing of the public offer (as defined below) and the approval by Telekom Austria’s shareholders meeting – to vote in favour of a EUR1 billion (USD1.4 billion) capital increase in Telekom Austria.

As a result of the shareholders’ agreement, AM (through Carso Telecom) will launch a public takeover offer pursuant to the Austrian Takeover Act, for all outstanding Telekom Austria shares not held by AM, Carso Telecom or OIAG. The offer price will be EUR7.15 per share. The shareholders’ agreement and the public offer are subject to certain regulatory approvals. Once such conditions are satisfied, the shareholders’ agreement will become effective and AM will assume ‘operational responsibilities’ at Telekom Austria.

Austria,A1 Telekom Austria Group, America Movil (AM),



Have feedback, corrections, or story ideas? Send them to

Browse Past Issues


Filter CommsUpdate by the following categories or use the search.


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


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.