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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
08/26/201518:04:00ADRs End Higher; Syngenta Declines
08/24/201516:00:00AT&T Begins Rebranding in Mexico
08/10/201517:03:39Mexico Stocks End Higher; Peso Slips vs U.S. Dollar
08/04/201509:00:00Wireless Communications Equities under Review -- America Movil...
07/16/201521:00:17America Movil Profit Down 16%
07/16/201520:15:21America Movil's Second-Quarter Profit Down 16% on Flat Sales
07/02/201516:58:31Mexican Stocks End Higher, Peso Strengthens After U.S. Jobs Report
06/25/201519:10:22AT&T Plans $3 Billion Expansion in Mexico
06/25/201518:41:37AT&T Plans $3 Billion Expansion in Mexico
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

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