America Movil To Own Just Over Half Of Telekom Austria

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America Movil To Own Just Over Half Of Telekom Austria

by Wochit 0:30 mins

America Movil To Own Just Over Half Of Telekom Austria

by Wochit 0:30 mins

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, which already owns around 27 percent of the company, said it would acquire an additional 23.47 percent of Telekom Austria's shares.

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