Release of 25.02.2014
Today the Telekom Austria Group (VSE: TKA, OTC US: TKAGY) announces that yesterday it received the following statement by América Móvil S.A.B. de C.V (América Móvil) on market rumours relating to a possible tie up of Österreichische Industrieholding AG (ÖIAG) and América Móvil as to Telekom Austria AG (TKA):
"América Móvil confirms that since its initial investment in TKA it has had discussions with different stakeholders of TKA, including OIAG, to explore mutual cooperation aspects in the field of telecommunications. Also, America Móvil confirms that formal discussions could be started about a potential shareholders' syndicate agreement between ÖIAG and América Móvil Group as shareholders in TKA. However, any contacts on this are currently at a very early stage. It is unclear whether discussions will enter a critical negotiation phase or result in any shareholders' syndicate agreement.
Currently no agreement, in whichever form, and no common understanding exists between ÖIAG and América Móvil in relation to TKA."