Carlos Slim, the world’s second-richest man and owner of Mexico’s top wireless operator America Movil, is reportedly slated to acquire Bulgaria’s largest telco Mtel.
Slim, who also owns Carso Global Telecom, has already reportedly filed a merger request with Bulgaria’s competition regulator to acquire Mtel parent company Telekom Austria.
The company operates within Bulgaria, Slovenia, Serbia, Austria, Croatia and other territories; reports say competition authorities will need to approve of the acquisition in all of these locations. Austria has already reportedly given the green light for the deal.
The transaction would overrun Austria as the majority stakeholder in the company; Slim currently holds a 21 percent stake in the company.
Full content: No Invite
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
DOJ and FTC Introduce Website for Reporting Anti-Competitive Healthcare Practices
Apr 18, 2024 by
CPI
US Congress Advances Legislation to Compel TikTok Sale
Apr 18, 2024 by
CPI
UK Financial Sector Advocates Enhanced Regulatory Accountability
Apr 18, 2024 by
CPI
Google and All 50 States Defend $700 Million Consumer Settlement
Apr 18, 2024 by
CPI
Colorado Enacts First Law to Protect Consumer Brainwave Data
Apr 18, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – China Edition – Year of the Dragon
Apr 16, 2024 by
CPI
Review Logic and Rules for Concentrations of Undertakings that Do Not Meet the Standard of Notification
Apr 16, 2024 by
CPI
China’s Review of Semiconductor Transactions
Apr 16, 2024 by
CPI
Key Challenges and Tips for Merger Control Filing in China for Listed Companies
Apr 16, 2024 by
CPI
Key Point Review: China SPC Antitrust Judgments in 2023
Apr 16, 2024 by
CPI