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Telekom Austria CEO: Cooperation with America Movil Going Well

By Nicole Lundeen VIENNA--The cooperation between the Mexican telecommunications company America Movil S.A.B. de C.V. (AMX.MX) and Austrian telecommunications company Telekom Austria AG (TKA.VI) is going well, Telekom Austria Chief Executive Hannes Ametsreiter said Thursday. The CEO said there were ongoing discussions between the two companies and he expects synergy effects in areas such as purchasing and content. America Movil is awaiting Austrian government approval to buy a stake from Austrian investor Ronny Pecik. This purchase along with holdings the company already has and holdings purchased by the Slim family would push the total shareholding to over 25% in Telekom Austria. Under Austrian law, foreign holdings of over 25% of certain companies deemed important to the state must be approved by the government. Mr. Ametsreiter said there were positive signals about the process. Write to Nicole Lundeen at nicole.lundeen@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for America Movil (AMX)
DateTimeHeadline
11/25/201418:55:04Telefónica Works to Redraw Its Empire
10/23/201402:15:06Telekom Austria 3Q Net Profit Surges to EUR127.8 Million
10/20/201421:10:46America Movil Raises Stake in Telekom Austria
10/20/201419:09:21America Movil Raises Stake in Telekom Austria to 59.7%
09/30/201418:03:23ADR Shares End Lower; America Movil, HSBC Shares Trade Actively
09/30/201412:43:05Brazil's Government Raises Less Than Expected From Auction of...
09/23/201417:53:43Brazil's Oi Won't Participate in Country's Airwave Auction
09/16/201418:21:44ADR Shares End Higher; Petrobras Shares Trade Actively
09/10/201421:10:23Ricardo Salinas to Buy Televisa's Stake in Iusacell
08/21/201407:32:00Brazilian Court Gives Green Light to Airwaves Auction Process
08/19/201408:25:49Telecommunication-Tower Operator T4U Plans IPO in Brazil
07/21/201418:03:34ADR Shares End Mixed; Philips Shares Trade Actively
07/14/201419:30:42America Movil Secures Majority Stake in Telekom Austria
07/09/201417:30:46ADR Shares End Higher; America Movil, Teva Shares Trade Actively
06/30/201417:04:08ADR Shares End Mixed; Philips, America Movil Trade Actively
06/27/201418:49:40Slim to Buy Back America Movil Stake from AT&T
06/27/201418:48:41Carlos Slim to Buy Back 8.3% America Movil Stake from AT&T
06/17/201406:22:21Telekom Austria's New Ownership Structure Approved by Regulator
06/11/201418:22:03Ecuador to Begin 4G Mobile Spectrum Talks With Private Operators
05/19/201410:47:33America Movil Shares Fall Sharply as AT&T to Sell Stake

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