America Movil regroups stakes in Telekom Austria

VIENNA Thu Jan 16, 2014 11:25am EST

VIENNA Jan 16 (Reuters) - Billionaire investor Carlos Slim's America Movil has increased its stake in Telekom Austria to a blocking minority by consolidating shares held by his company and a family investment vehicle, Telekom Austria said on Thursday.

The move, which gives America Movil a direct and indirect voting stake of 26.8 percent, does not trigger a manadatory bid for the Austrian group, it added.

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