AM and Austria to consider shareholder syndicate

25 Feb 2014

The Austrian government has confirmed its interest in forming a shareholder pact with Mexican-backed America Movil (AM) to pool their stakes in Telekom Austria, Reuters cites the economy minister as saying. AM, which holds a 26.81% stake in the Telekom Austria group, announced yesterday that it could start formal talks to establish a shareholder syndicate with the Austrian government, which owns a further 28.42%.

Austria, A1 Telekom Austria Group, America Movil (AM)