Friday, 31. October 2014
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.
Halloween At The Zoo
Pumpkin pie might be the order of the day for people this Halloween but now zoo animals are also getting in on the act.
Baby Naked Mole Rats Born In Vienna
With their pink hairless bodies and fangs for front teeth, these baby naked mole rats were never going to win any cuteness contests at Schonbrunn Zoo in the Austrian capital Vienna.
Jihad Girls Gunpoint Retraction Of Desire To Go Home
Austrian anti-terrorism police believe that an interview given to a French magazine allegedly with one of the two teenage girls who fled to Syria to join in the jihad was probably carried out at gunpoint.
Get Shorty As Confused Bald Ibis Gets Lost Again
A rare bald Ibis that seems to have a different sense of direction to her fellow birds has once again had to be rescued after getting stuck trying to find a different route to the southern Italian feeding ground.
Alpine Trains Venture Into Space As The Final Frontier
Austria’s national railway line the OeBB has raised eyebrows after offering themed toilets including one that is supposed to "look and smell like outer space".
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.
The most popular stories –
last 7 days
|Jihad Girls Gunpoint Retraction Of Desire To Go Home|
|4.3 Million GBP For Sterilised Roma Women|
|Baby Naked Mole Rats Born In Vienna|
|Crash Baby Born To Dead Mum Adopted By Uncle And Grandma|
|Pocketless Suit Fights Corruption|
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.