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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
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
03/11/201507:16:06Carlos Slim to Retire From Philip Morris Board
03/09/201508:29:35Brazil Mobile-Phone Subscriptions Rise in January
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

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