Austria’s telecommunications regulator followed in the path of competition authorities in approving Mexican mogul Carlos Slim’s plan to pool his shares in Telekom Austria with the Austrian government’s holdings, reports say.
The regulator, RTR, announced Tuesday it approved of the merger of shares between the government and Slim’s America Movil. The plan, first announced in April, will result in a combined 55 percent holding of the former state-owned monopoly, reports say.
In the long-run, the merger will allow America Movil to pursue a takeover of the wireless operator. The company will hold an offer until July 10.
Austria’s Federal Competition Agency cleared the deal last week, but the transaction still needs clearance from the nation’s Financial Market Authority, according to reports.
Full content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile’s Acquisition of Ka’ena Corporation Receives FCC Approval
Apr 26, 2024 by
CPI
UK Regulator Announces Two New Senior Executive Appointments
Apr 26, 2024 by
CPI
Paramount Global and Skydance Media Near Merger Deal, Eyeing CEO Change
Apr 26, 2024 by
CPI
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI