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.
Recommended for You
Be the first to know.
Subscribe to our newsletter today.
You'll gain exclusive access to breaking news, expert analysis, and in-depth features delivered right to your inbox.
Comments