VIENNA, June 9 Austria's Federal Competition
Agency (BWB) has approved a agreement by Carlos Slim's America
Movil and the Austrian government to pool their
shareholdings in Telekom Austria, the Austria Press
The two parties agreed in April to pool their stakes, giving
them a combined 55 percent of the former state telecoms monopoly
and triggering a takeover offer by America Movil that runs until
The BWB said on Monday it would not refer America Movil's
"acquisition of sole control" of Telekom Austria, the largest of
three telecom network operators in Austria, to the country's
cartel court, APA said.
The BWB was not immediately reachable to confirm the report
on Monday, a public holiday in Austria.
Austria's telecoms regulator is also examining the deal, as
is the Financial Market Authority because Telekom Austria's
Paybox Bank unit has a banking licence.
(Reporting by Georgina Prodhan; Editing by Erica Billingham)