Austrias Federal Competition Agency (BWB) has approved a agreement by Carlos Slims America Movil and the Austrian government to pool their shareholdings in Telekom Austria, the Austria Press Agency reported. The two parties agreed in April to pool their stakes, giving them a combined 55 percent of the former state telecoms monopoly and triggering a takeover offer by America Movil that runs until July 10. The BWB said on Monday it would not refer America Movils acquisition of sole control of Telekom Austria, the largest of three telecom network operators in Austria, to the countrys cartel court, APA said.
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