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Slim Adds $750 Million to Telekom Austria in European Push

2014-11-07 15:28:07| Steel - Topix.net

Billionaire Carlos Slim is putting an additional $750 million in Telekom Austria AG two years after starting a foray into Europe that has yet to pay off. As part of a 1 billion-euro capital increase by Vienna-based Telekom Austria, Slim will pay 4.57 euros apiece for 132.2 million shares for a total investment of 604 million euros.

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