EANS-Adhoc
Telekom Austria AG / América Móvil informs about shareholders' agreement and public takeover offer
--------------------------------------------------------------------------------
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
--------------------------------------------------------------------------------
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
--------------------------------------------------------------------------------
other
24.04.2014
Vienna, 23 April 2014: Today the Telekom Austria Group (VSE: TKA, OTC
US: TKAGY) announces that it has been informed of the following
facts:
Mexico City, Mexico, April 23, 2014. América Móvil, S.A.B. de C.V.
("AMX") (BMV: AMX; NYSE: AMX; NASDAQ: AMOV; LATIBEX: XAMXL),
announced today that it has entered, through its wholly owned
subsidiary Carso Telecom B.V. ("Carso Telecom"), into a shareholders'
agreement (the "Shareholders' Agreement") with Österreichische
Industrieholding AG ("ÖIAG"), with respect to their participations in
Telekom Austria AG ("Telekom Austria").
As part of the transaction, ÖIAG and AMX have agreed, subject to the
closing of the Public Offer (as defined below) and the approval by
Telekom Austria's shareholders meeting, to vote in favor and support
a capital increase in Telekom Austria of EUR 1,000 million. The
capital increase will strengthen Telekom Austria's capital structure
and financial position and will allow Telekom Austria to continue to
invest in state-of-the-artinfrastructure, research and development,
innovation of products and services, amongst others, and to position
Telekom Austria to benefit from investment opportunities arising in
the countries in which it currently operates and in emerging markets
in Central and Eastern Europe.
This Shareholders' Agreement and the Public Offer (as defined below)
are subject to certain regulatory approvals. Once such conditions are
satisfied, the Shareholders' Agreement will become effective and AMX
will obtain operational responsibilities in Telekom Austria. Telekom
Austria currently operates in Austria, Belarus, Bulgaria, Croatia,
Serbia, Macedonia, Liechtenstein and Slovenia. As of December 31,
2013, it had approximately 2.6 million fixed line subscribers, 20.1
million wireless subscribers and revenues of EUR4,184 million.
AMX CEO Daniel Hajj said: "We are very happy to partner with ÖIAG, a
key shareholder of Telekom Austria that has developed an
extraordinary company with extraordinary people. The negotiations
with ÖIAG, although intense, were constructive and professional. The
main goal for both parties was the further development and future of
Telekom Austria. This agreement provides the basis for future growth,
Diskutieren Sie über die enthaltenen Werte
Aktuelle Themen
Weitere Artikel des Autors
1 im Artikel enthaltener WertIm Artikel enthaltene Werte