Pecik keen to raise Telekom stake; shrugs off rumoured Telenor, China Mobile interest

19 Mar 2012

An international consortium led by Viennese tycoon Ronny Pecik and Egyptian telecoms entrepreneur Naguib Sawiris has indicated that it intends to increase its stake in the Telekom Austria Group by more than previously stated, reports. Pecik himself made the claims during an interview with the newspaper, indicating that he hopes to raise his indirect stake so that it is on a par with that of majority shareholder, state holding company OeIAG, which retains a 28.420% stake in the pan-European telecoms group. Pecik and Sawiris currently hold an indirect 20.118% stake in Telekom, via Pecik’s RPR Privatstiftung and Marathon investment vehicles.

In related news, Pecik told Format that rumours that he is preparing to offload his Telekom stake to Norwegian telecoms giant Telenor have been exaggerated. The tycoon commented: ‘In principle I have nothing against a Norwegian offer but not at any price. We fought hard and tirelessly worked to build our Telekom stake. Why should we again quickly sell?’ Interestingly, Pecik also admitted travelling to China ‘a few weeks ago’ to meet with executives from China Mobile. However, he declined to comment on whether he tried to generate Chinese interest in his Telekom stake.