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America Movil Has 4.1% Stake in Telekom Austria - Report

Mexican telecommunications company America Movil SAB de CV (AMX) has a stake of about 4.1% in Austrian peer Telekom Austria AG (TKA.VI), News magazine reports Tuesday on its website. Telekom Austria supervisory board member Ronny Pecik, who holds about 20% in the company through his RPR Privatstiftung, plans to pool his stake with America Movil's, the Austrian magazine reports. Pecik will sell his stake for almost 900 million euros ($1.13 billion) to a new company with the preliminary name Amov, and America Movil will also transfer its stake to Amov, News says. America Movil will hold an 80% stake in Amov and RPR Privatstiftung 20% of the company which will own almost 25% of Telekom Austria. Spokespeople for America Movil and Telekom Austria declined to comment. Telekom Austria shares closed 4.3% higher following the report. Full article: http://www.news.at/articles/1223/510/329977/telekom-austria-geheimprojekt-tonga Write to the Frankfurt Bureau at frankfurt.priority@dowjones.com

Stock News for America Movil (AMX)
DateTimeHeadline
12/15/201413:16:41Oi CEO Says Company Better Positioned for Brazilian Consolidation
12/09/201418:13:08ADR Shares End Lower; America Movil Shares Trade Actively
11/25/201418:55:04Telefónica Works to Redraw Its Empire
10/23/201402:15:06Telekom Austria 3Q Net Profit Surges to EUR127.8 Million
10/20/201421:10:46America Movil Raises Stake in Telekom Austria
10/20/201419:09:21America Movil Raises Stake in Telekom Austria to 59.7%
09/30/201418:03:23ADR Shares End Lower; America Movil, HSBC Shares Trade Actively
09/30/201412:43:05Brazil's Government Raises Less Than Expected From Auction of...
09/23/201417:53:43Brazil's Oi Won't Participate in Country's Airwave Auction
09/16/201418:21:44ADR Shares End Higher; Petrobras Shares Trade Actively
09/10/201421:10:23Ricardo Salinas to Buy Televisa's Stake in Iusacell
08/21/201407:32:00Brazilian Court Gives Green Light to Airwaves Auction Process
08/19/201408:25:49Telecommunication-Tower Operator T4U Plans IPO in Brazil
07/21/201418:03:34ADR Shares End Mixed; Philips Shares Trade Actively
07/14/201419:30:42America Movil Secures Majority Stake in Telekom Austria
07/09/201417:30:46ADR Shares End Higher; America Movil, Teva Shares Trade Actively
06/30/201417:04:08ADR Shares End Mixed; Philips, America Movil Trade Actively
06/27/201418:49:40Slim to Buy Back America Movil Stake from AT&T
06/27/201418:48:41Carlos Slim to Buy Back 8.3% America Movil Stake from AT&T
06/17/201406:22:21Telekom Austria's New Ownership Structure Approved by Regulator

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