Friday, 28. November 2014
21. 02. 14. - 13:00
Austria's state holding company with a 28% share in Telekom Austria has reiterated that the company will remain based in Austria, amid rumours that America Movil may be planning a friendly takeover.
Holding company OIAG also said that it wants Telekom Austria to continue to be listed on the Vienna stock market and emphasised that research and development would stay in Austria.
Second major shareholder America Movil, owned by Mexican telecoms billionaire Carlos Slim, have said they do not want to initiate a hostile takeover of the company but are likely to make a friendly offer for control of the majority of the company.
OIAG has not commented on the possibility of a friendly takeover although head of the group, and Chairman of Telekom Austria, Rudolf Kemler said that "OIAG has a strategic responsibility to think about future constellations when it comes to such a significant company for Austria."
He also reiterated that OIAG would retain the 25% share required for a blocking majority.
America Movil have suggested pooling shares together into a pact could be done to help ensure OIAG would continute to contribute to the company's future. A pact such as this would require votes in unison even if America Movil raised their stake higher than that of OIAG.
The Mexican's telecoms company has also said they would contribute up to 750 million Euros to the company to fuel expansion.
If Austria agreed to the shareholders pact then America Movil would look to make a public takeover offer at the closing of the contract.
Panda Dies Of Horrific Injuries After Savage Attack
A three-year-old wild Giant Panda left badly wounded in the Tangjiahe National Nature Reserve in China after an attack by yellow-throated martens has died of its wounds.
Food Jewellery Craze In Japan
The designers call it modern art, and claim it is designed for the woman who wants a guarantee she will stand out at the next dinner party.
Darth Vader Taken Out By Street Sign
Darth Vader and a pair of Imperial Stormtroopers felt the force of a blow from a road sign after not paying attention while hitting the campaign trail.
How An Austrian Park Every Year Becomes A Lake
Spectacular images that show how a park becomes a lake each spring complete with underwater trees have been captured by two divers.
Mad About Mammoths At Vienna Museum
A unique exhibition in the Austrian capital Vienna has proved a massive hit after bringing together for the first time some of the most famous frozen woolly mammoth remains.
Controversy Over Advert For Fucking Hell Beer
An Austrian political party has defended a decision to promote a local beer named after the village of Fucking.
Luigi Restaurant Cooks Up Delicious Delights For Winter Season
Brothers Luigi and Leo Doci who own the renowned Luigi restaurant chain will be cooking up a storm in Semmering this winter.
Church Porn Star In Court
A Polish-born woman who made a video of herself masturbating in church is facing six months in jail after a viewer called police when he recognised the woman.
Hugh Grant Cuddles Lamb On Animal Farm With Mrs Glock
Hugh Grant led a star-studded turnout at Austria's animal farm project which unveiled its Christmas market this week.
Cheating Wife Buries Hubby Alive For New Lover
A woman who married her sisterís fiance and then attacked him with a knife before burying him alive so she could be with her new lover is facing life in jail.
The most popular stories –
last 7 days
|How An Austrian Park Every Year Becomes A Lake|
|Chicken Farmer Jailed For Hacking Off Lovers Head And Fingers|
|Aysha King Prague Proton Centre Doubles Prices|
|Outrage Over Slapping Of Baby Panda|
|Stag Do Brit Had Taken Cocaine Admit Family|
Why suffer in silence. Let off steam by letting our readers share your troubles. File your complaints about anything and everything here.
Our ombudsman David Rogers will try and help solve some of the problems from lazy civil servants through to incompetent companies – and at the very least the worst transgressors will end up in our weekly special report.