America Movil launches Telekom Austria bid

America Movil launches Telekom Austria bid

M&A

America Movil has launched a cash tender offer for the 44.76% of Telekom Austria that is in free-float, in a deal that could potentially carry a €1.4bn ($1.9bn) price tag, the Mexican telecom said on Thursday. The company is offering to buy the 198m shares at €7.15 each. America Movil already owns 26.81% of Telekom Austria, directly and indirectly. Austrian government investment vehicle Osterreichische Industrieholding (OIAG) owns 28.42%. America Movil said the acquisition would allow the compan

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