Wednesday, 22. October 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.
MEP caught In Brit papers Fraud Probe Jailed
A corrupt MEP caught by a British newspaper offering to propose amendments to EU laws in exchange for 100,000 euros a year has been given a three-year-jail term.
Vienna Jihad Girls Want To Come Home
The two Austrian teenage girls who became ‘poster girls’ for the jihad in Syria are now desperate to come home after getting completely disillusioned with their new lifestyles.
There was a festival atmosphere as Bundespresident Heinz Fischer opened Vienna's new Hauptbahnhof Friday morning.
Apple Truck Causes Traffic Jam
When 24 tonnes of apples are catapulted across a road it can only mean a jam.
Farmer Cleared Over Wolf Shooting
Furious animal rights campaigners have accused an Austrian farmer of lying after he shot dead a wolf that he claimed he thought was a fox.
Rare Bald Ibis Makes Microlight Flight To Italy
The project to introduce an extinct bird back to Europe is hailing success after successfully negotiating a new route over the Alps and training 14 Northern Bald Ibises how to fly south to winter feeding grounds in southern Tuscany.
Pat On The Back From Manure Explosive
A traffic cop in Austria got more than he bargained for after a booby trap covered him head-to-toe in manure as he was trying to catch people speeding.
Viennese Jihad Girl May Have Been Killed
Austrian police say that one of the two attractive young teenage girls who fled the country to go to Syria to fight on the side of Islamic rebels may have been killed.
Perversion of a Medical Dream
The Decline and Fall of the Otto Wagner Hospital, Vienna.
Fat Can Be Used To Burn Off Weight After New Patent Unveiled
It is being hailed as a sensation after scientists at an Austrian university patented a method that transforms fat storing cells into mini factories capable of actually destroying fat by burning it off.
The most popular stories –
last 7 days
|Dirty Diggers Face Jail For Grave Offence|
|Slovak Plan To Give Gypsies Free Flights To UK|
|Ex Lawyer And Tolkien Fan Builds Hobbit Home Near Highway|
|Angry Sea Lion Attacks Fisherman|
|Horrified Families Watch As Lion Kills Lioness|
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.