America Movil in Talks to Pool Austria Stakes in Control Bid
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America Movil SAB is discussing an agreement to combine its Telekom Austria AG shares with the Austrian government to form a syndicate, a move that would lead to a bid for full control of the European phone carrier.
America Movil has had discussions with other shareholders, including government holding company OIAG, to explore mutual cooperation, the Mexico City-based company said yesterday in a statement. The company said formal talks could be started about a shareholders’ syndicate agreement with OIAG.