Thursday, 05. March 2015
28. 03. 14. - 12:00
The state holding company that holds shares in Telekom Austria is expected to agree a contract with telecoms company America Movil over the pooling of shares today and move forward to the finalising stage.
Rudolf Kemler, head of holding company OIAG that has a 28 percent share in the Austrian telecoms company, said this authorisation is likely to take place today, with the whole deal then completed within a few weeks.
The syndicate deal between the two would mean that the Austrian state is still able to have a say in the direction of the company whilst America Movil, owned by telecoms billionaire Carlos Slim, could gain control. The deal means that both partners would also have to vote unanimously over important issues.
On Wednesday Kemler said there is no final agreement yet but that the negotiating teams are well on their way. "I am convinced that we will get to the end very quickly. I believe the talks so far give cause for optimism," he said.
However, he also reported that no discussions had begun over how to manage a takeover bid that would become mandatory once the OIAG shares are pooled with America Movil's 27 percent stake, bringing them to past the 30 percent threshold.
Semmering Offers 50% Discount To Selected Heroes
The Magic Mountain Semmering will hold two Weeks of Heroes from 1st to 14th March as Panhans Holding Group says thank you to safety and well-being volunteers and professionals.
Skier Survived Almost Two Hours Buried Alive
A skier had a miracle escape after being buried under two metres of snow for nearly two hours during an avalanche in Austria, it was revealed last night.
Puppies Found Stuffed Inside Suitcase In Back Of Van
A litter of puppies destined for a dog farm was rescued after being found stuffed inside suitcases in the back of a van.
Kangaroo That Hopped It Spotted In Garden
Austrian police investigating reports of an escaped kangaroo have been given concrete proof after a local woman managed to photograph the animal in her back garden.
First Images Of Eurovision Stage
These are the first images of the design for the Eurovision Song Contest stage unveiled in the Austrian capital Vienna which is the home of last year's winner Conchita Wurst.
Russian Mafia Boss Nabbed At Vienna Railway Station
A Russian mobster wanted for a string of brutal murders was arrested in the gentile Austrian capital Vienna when commandos swooped as he went to buy a train ticket.
Teen Girls Arrested After Offering Themselves To IS Fighters
Austrian officials who recently cracked down on terrorism by arresting several people believed to be recruiting and fundraising for ISIS have revealed two more teenage girls tried to leave the country to marry terrorist fighters.
Ebola's deadly reach impacts Vienna student
Austria has yet to record its first case of Ebola, but the feared virus has already had a severe impact on the lives of Africans living in Vienna.
Grigorij Sokolov Works His Magic At Vienna Konzerthaus
Whilst the world-famous Wizard of Oz played at the Volksoper, there was another Wizard in the Konzerthaus giving his 16th performance in Vienna!
Penelope Cruz To Play The Ice Cream Killer
The memoirs of the woman dubbed the Ice Cream Killer after she shot dead two ex-lovers before hacking the bodies up with a chainsaw and telling neighbours the noise was a new ice cream machine are due to be turned into a blockbuster with Penelope Cruz playing the lead role.
The most popular stories –
last 7 days
|Mayor Lifts Up Teenage Girls Skirt On Stage|
|Semmering Offers 50% Discount To Selected Heroes|
|Tiger Cub Leaps To Its Death During Firework Show|
|Sun Worshipping Adrenaline Junkie Gets High-Rise Kick|
|Chickens Keep Their Heads After Chinese New Year Festival|
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.