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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
07/02/201516:58:31Mexican Stocks End Higher, Peso Strengthens After U.S. Jobs Report
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06/17/201507:24:14Brazil Mobile-Phone Subscriptions Rise at Lower Pace in April
06/15/201510:53:31Telekom Austria CEO Ametsreiter To Leave -- Update
06/15/201506:51:19Telekom Austria Chief Executive Ametsreiter To Leave
05/20/201519:01:29ADRs End Mixed; Bank Shares Rise
04/27/201510:13:39America Movil SAB de CV Price Target Cut to $20.00 (AMX)
04/24/201507:21:20Brazil Mobile-Phone Subscriptions Rise at Lower Pace in February
04/22/201503:35:10Telekom Austria Profit Boosted by Cost-Cutting, Broadband and...
04/17/201518:23:10América Móvil Clears Way for Wireless-Towers Spinoff
04/07/201508:00:00Asurion Expands into Latin America with America Movil
04/02/201508:00:00TracFone® and Dress for Success® Team Up to Empower Women Through N...
04/01/201511:32:33America Movil Prepares to Spin Off Cellular Towers
03/11/201507:16:06Carlos Slim to Retire From Philip Morris Board
03/09/201508:29:35Brazil Mobile-Phone Subscriptions Rise in January
02/24/201512:52:41Mexico's 2014 Foreign Direct Investment $22.6 Billion
02/18/201517:20:53Ecuador Signs 4G Contracts With America Movil, Telefónica
02/12/201503:29:50ADR Shares Mixed; ARM Holdings Shares Rise
02/10/201521:10:14America Movil's Fourth-Quarter Net Profit Falls

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