America Movil, Telekom Austria tie-up gathers steam

30 Jun 2014

The previously disclosed Telekom Austria Group shareholder pact – between Austrian state holding company Osterreichische Industrieholding AG (OIAG) and Mexican telecoms giant America Movil (AM, acting through its wholly owned subsidiary Carso Telecom) – is now unconditional, the Vienna-based company has confirmed, paving the way for AM to snap up the company’s outstanding shares.

As agreed in April this year, the offer price is EUR7.15 (USD9.58) per share, and remains open until 10 July 2014. As per the agreement, AM must 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. Going forward, following the acquisition of the outstanding shares, AM will assume control of ‘operational responsibilities’ at the Austrian telco.

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


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

Subscribe to CommsUpdate


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.