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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
04/16/201417:10:07American Express Profit Rises on Higher Revenue
04/16/201416:40:51American Express Quarterly Profit Rises on Higher Revenue
04/01/201417:18:51ADR Shares End Higher; Anheuser-Busch InBev Shares Active
04/01/201400:00:47Regulators Cut América Móvil's Interconnection Rates
03/28/201416:00:13214;IAG Cleared to Complete America Movil Deal
03/28/201415:46:15214;IAG Gets Go-Ahead to Complete Agreement With America Movil
03/24/201419:25:12Mexico's President Unveils Telecom Bill
03/21/201416:26:10American Express CEO Awarded $24.4 Million for 2013 -- Update
03/17/201417:41:09GE Consumer Finance Unit Faces Two Federal Probes
02/24/201417:20:37ADR Shares End Higher; HSBC Shares Active
02/24/201417:06:12Correction to America Movil May Hold Tie-Up Talks Story
02/24/201416:50:09America Movil May Hold Tie-Up Talks Over Telekom Austria
02/24/201416:27:58America Movial May Hold Tie-Up Talks Over Telekom Austria
02/13/201402:20:17Mexican Telecom Regulator Set Back by Court Ruling -- 3rd Update
02/13/201401:16:59Mexican Telecom Regulator Set Back by Court Ruling --Update
02/12/201418:18:38ADR Shares End Mixed; ING, Nokia Shares Active
02/12/201411:31:09America Movil Says KPN Stake Reduced for Financial Reasons
01/03/201408:48:37Brazil Stocks Open Higher, Led by TIM, Following Takeover Report
11/15/201308:22:25Janus Capital Management 3Q 13F: Largest Eliminations
11/15/201307:11:09AQR Capital Management 3Q 13F: Largest Purchases

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