Thursday, June 14, 2012

América Móvil Seeks 23% in Telekom Austria

América Móvil announced a deal with Marathon Zwei Beteiligungs GmbH, a wholly owned subsidiary of RPR Privatstiftung, the private trust set up by Mr. Ronny Pecik, to acquire approximately 21% of the outstanding shares of Telekom Austria AG. América Móvil has just acquired 5% of Telekom Austria and is awaiting government clearance to acquire the remaining 16% stake as part of this deal. Taking into account the shares América Móvil already held, this will put the company's total stake in Telekom Austria at 23%.

Telekom Austria, the largest telecommunications company in the country, also provides telecommunication services in Belarus, Bulgaria, Croatia, Liechtenstein, Macedonia, Serbia and Slovenia. As of March 31, 2012, it had 20.3 million wireless subscribers and 2.6 million fixed lines.

América Móvil is the leading provider of telecommunication services in Latin America. As of March 31, 2012, it had 306 million accesses in the Americas, including 246 million wireless subscribers and 60 million fixed revenue-generating units.

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