America Movil says may seek pact with OIAG over Telekom Austria

Reuters News
Posted: Feb 24, 2014 1:44 PM

MEXICO CITY (Reuters) - Mexico's telecom giant America Movil on Monday said it could start formal discussions about forming a shareholders' syndicate with Austrian state holding company OIAG over Telekom Austria.

America Movil, controlled by billionaire Carlos Slim, said it has had discussions with different stakeholders of Telekom Austria, including OIAG, but added there is no current agreement "in whichever form" with OIAG about Telekom Austria.

America Movil, which holds a 27 percent stake in Telekom Austria, also said it was unclear whether discussions, which are at an early stage, would result in a syndicate agreement. OIAG has a 28 percent stake in Telekom Austria.

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(Reporting By Alexandra Alper)