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Telekom Austria: Welcomes Investor America Movil

By Nicole Lundeen VIENNA--Austrian telecommunications Telekom Austria AG (TKA.VI) welcomes the entrance of Mexico's American Movil SAB (AMX) as a shareholder, Telekom Austria said Friday in a statement. "We welcome the new investor America Movil, one of the biggest and most successful telecommunication companies in the world. As a strategic and long-term investor, the company [America Movil] with its know-how and knowledge of the industry will contribute to our company's economic success," said Telekom's chief executive, Hannes Ametsreiter. America Movil officially holds 4.96% in Telekom Austria, but has agreements to purchase a further 20.96% from investor Ronny Pecik. Pecik holds just over 20% in Telekom Austria through his companies Marathon Zwei Beteiligungs GmbH and RPR Privatstiftung. Write to Nicole Lundeen at nicole.lundeen@dowjones.com

Stock News for America Movil (AMX)
DateTimeHeadline
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

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