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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
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 -2-

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