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Tag: austria
Telekom Austria raises nearly EUR 1 bln in rights issue
2014-11-25 09:22:00| Telecompaper Headlines
(Telecompaper) Telekom Austria has completed its rights issue, raising EUR 997 million. The number of outstanding shares will increase by 221.5 million, from 443.0 million to 664.5 million. In addition to the commitments from its main shareholders America Movil and the state holding company OIAG to take up their pro rata shares, other shareholders subscribed to 25.5 million new shares in the operator. The total take-up rate was 99.7 percent of the shares on offer. The approximately 0.3 percent remaining shares will be taken up by Deutsche Bank and sold in the market. Trading of the new shares on the Vienna Stock Exchange is expected to commence on 27 November. America Movil and OIAG have committed to a lock-up period of six months when they will not sell shares. Telekom Austria intends to use the net proceeds of the capital increase to re-establish its target capital structure and maintain a credit rating of at least BBB (stable) by Standard & Poor's. In particular, the capital increase will allow Telekom Austria to implement an accelerated roll-out of its fibre infrastructure in the coming years and finance additional acquisitions in its growth areas.
Tags: rights
issue
eur
austria
Telekom Austria raises 997m from capital increase
2014-11-25 01:00:00| Total Telecom industry news
Telco to use funds for network rollout and M&A; priorities will include in-market consolidation and buying fixed ops.
Tags: increase
capital
austria
telekom
Telekom Austria eyes 'decisive' role in 5G
2014-11-17 01:00:00| Total Telecom industry news
Operator joins NGMN Alliance in bid to drive development of new high-speed mobile standard.
Tags: role
eyes
austria
telekom
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.
Tags: million
european
austria
push
Telekom Austria launches EUR 1 bln rights issue
2014-11-07 09:02:00| Telecompaper Headlines
(Telecompaper) Telekom Austria has launched a share issue to raise up to EUR 1 billion to strengthen its balance sheet. Existing shareholders will receive the right to one new share for every two existing shares they hold in Telekom Austria, at a discounted price of EUR 4.57 per share. The subscription period will run from 10-24 November. America Movil and the Austrian state holding company OIAG, the operator's two biggest shareholders, have agreed to subscribe for their pro rata shares of the offering. This was part of their agreement earlier this year that handed management control of the company to America Movil. They will have a lock-up of six months on the new shares. Telekom Austria said the additional capital will help it maintain its credit rating of at least BBB and give it more room to pursue strategic investments. In particular, the capital increase will allow an accelerated roll-out of its fibre infrastructure in the period 2015-2018 and more acquisitions to support its convergence strategy.
Tags: rights
issue
eur
austria
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