Mexico’s América Móvil has acquired shares corresponding to 5.55% of the voting rights in Telekom Austria Group.
As a result, the overall shareholding of América Móvil in Telekom Austria has increased from 51% to 56.55%.
The transaction was undertaken for América Móvil S.A.B de C.V. through its subsidiary América Móvil BV. Broadband TV News notes that no financial details of the transaction have been disclosed.
Prior to the transaction, other shareholders in Telekom Austria included ÖBAG (28.4%), institutional investors (14.7%), retail (3.3%) and others (2.6%).