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America Movil sells more shares in Telekom Austria

2016-08-23 12:02:00| Telecompaper Headlines

(Telecompaper) America Movil announced plans to sell another 0.89 percent stake in Telekom Austria Group. The 5.92 million shares will be offered to institutional investors in an accelerated bookbuilding. Last month America Movil sold 7.8 percent of its voting rights in Telekom Austria to the market, reducing its stake to 51.89 percent. The latest share sale will lower its stake to 51.0 percent. America Movil said it currently has no plans to sell any more shares in Telekom Austria. In addition, it has agreed to a 180-day lock-up of its remaining shares.

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America Movil confirms sale of Telekom Austria shares

2016-07-29 17:11:00| Telecompaper Headlines

(Telecompaper) America Movil confirmed it's reducing its stake in Telekom Austria Group. The company said it has agreed to sell shares corresponding to 7.8 percent of the voting rights in Telekom Austria to the market. This reduces its stake from 59.70 percent to 51.89 percent.

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America Movil Q2 revenue rises on currency fluctuation

2016-07-29 02:00:00| Total Telecom industry news

Mexico-based telco group cuts Telekom Austria stake; complains of aggressive competition in home market.

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America Movil agrees to pay USD 1.1 mln to settle FCC probe

2016-06-29 09:08:00| Telecompaper Headlines

(Telecompaper) Puerto Rico Telephone Company (PRTC) and parent company America Movil have agreed to pay USD 1.1 million to settle a Federal Communications Commission (FCC) investigation into foreign ownership levels. In a statement the FCC said stock purchases of America Movil by its owner Carlos Slim and his family "repeatedly exceeded the foreign ownership levels approved by the Commission". The companies have each agreed to adopt compliance plans to prevent future stock purchases by the Slim family that would exceed foreign ownership limits without first receiving the agency's review and approval.

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