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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
03/27/201518:03:54Slim's America Movil might not face tough penalties if it doesn't...
03/19/201507:56:25America Movil, Axtel settle disputes
03/18/201507:51:47America Movil to increase share buyback funds
03/11/201507:16:06Carlos Slim to Retire From Philip Morris Board
03/11/201501:06:33Time To Look At Emerging Markets Again
03/09/201508:29:35Brazil Mobile-Phone Subscriptions Rise in January
03/03/201506:54:24Bank Of America Is A Concern - Cramer's Lightning Round (3/2/15)
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
02/10/201520:11:15Telekom Austria Swings to Loss for 2014
02/02/201507:25:53Brazil Mobile-Phone Subscriptions Increase in 2014
01/27/201519:28:06AT&T Results Narrowly Top Expectations -- 2nd Update
01/26/201518:40:45ADR Shares End Mixed; America Movil Shares Fall
01/26/201518:39:37ADR Shares End Mixed; America Movil Shares Fall
01/14/201513:50:26Google to Launch 'Modular' Smartphone in Puerto Rico
01/14/201513:27:20Google to Launch 'Modular' Smartphone in Puerto Rico
12/30/201406:07:35Brazil's Dilma Rousseff Names Seven New Cabinet Members
12/15/201413:16:41Oi CEO Says Company Better Positioned for Brazilian Consolidation

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