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America Movil says plans no hostile bid for Telekom Austria

14
Nov
2013

does not plan a hostile takeover bid for Telekom Austria following its failed attempt to buy Dutch company KPN Daniel Hajj said the Latin American group controlled by billionaire Carlos Slim had not taken its stake in Telekom Austria a year ago in order to take over the company, and saw itself as a stable partner of fellow large shareholder Austria. “We choose our common path with our partners in Austria.” America Movil owns 23 percent of Telekom Austria, the Alpine country’s largest carrier which is also active in central and eastern Europe, and the Austrian government owns 28 percent.

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