Home >> More Business news >> This Article

America Movil Reducing Stake in Telekom Austria

Published on:

Note -- this news article is more than a year old.

Mexico based America Movil has announced that it is reducing its stake in Telekom Austria, but will retain control of the company.

It is reducing its holding from 59.7 percent to 51.89 percent as part of a previous agreement to reduce the holding within two years.

America Movil took control of the Austrian operator in 2014 as part of a now stalled move to build up a number of assets across Europe.

Sign up for our free email news alerts

Sample Copy

Tags: america movil  telekom austria  Austria