Regulator to review America Movils Telekom Austria stake buy - Mobile World Live

Regulator to review America Movils Telekom Austria stake buy

21 SEP 2012

Austria’s Financial Market Authority (FMA) is reviewing whether to approve Mexican billionaire Carlos Slim’s America Movil becoming a major shareholder in Telekom Austria, reports Die Presse. America Movil has agreed to acquire a 26 percent stake in Telekom Austria. As Telekom Austria owns a banking subsidiary and the stake is greater than 10 percent, the FMA must review whether the Latin American operator group is suitable to become such a significant shareholder.

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