Telekom Austria set to talk synergies with KPN

30 Aug 2012

Telekom Austria Group is set to commence talks with Dutch telecoms group KPN to discuss possible synergies, its CEO Hannes Ametsreiter has revealed. Dow Jones Newswires reports that the plans have emerged now that the two companies have a common shareholder in the form of Latin American behemoth America Movil, which is owned by Mexican tycoon Carlos Slim. Earlier this summer, America Movil paved the way for its unexpected entrance into the European market by acquiring shares in both companies. In addition, the chief executive confirmed that Telekom has been holding talks with the Mexican firm to discuss separate synergies, which are said to be going well. While Ametsreiter declined to comment on the content of the talks directly, saying they involved internal company strategy, he did say he hoped to be able to speak about ‘some areas’ of the tie-up at the company’s capital markets day in December.

Austria, Netherlands, A1 Telekom Austria Group, KPN