Market Overview

America Movil To Acquire 21% Stake In Telekom Austria

Related AMX
JP Morgan Cuts America Movil To Equivalent Of Sell, Cites Competition
Blackstone Announces Cell Tower Buy, Real Estate Executive Hire
America Movil Faces Regulatory Probe over Dish Mexico Deal (Zacks)
Related TKAGY
Telekom Austria Q1 Profit Surges
Telekom Austria Swings To Q1 Net Profit

America Movil (NYSE: AMX) agreed to acquire a 21% stake in Telekom Austria (OTC: TKAGY) from investor Ronny Pecik.

The financial terms of the transaction were not disclosed.

America Movil shares closed at $24.09 yesterday, while Telekom Austria shares closed at $20.17 yesterday.

Posted-In: merger and acquisitionNews M&A


Related Articles (AMX + TKAGY)

View Comments and Join the Discussion!

Get Benzinga's Newsletters