VIENNA May 27 Austria's Federal Competition
Agency (BWB) has given itself two weeks more to review a
shareholder syndicate struck by Carlos Slim's America Movil
and state holding company OIAG to pool their holdings
in Telekom Austria.
The agency now has until June 10 to review the deal, a BWB
spokesman said on Tuesday.
"We extended the deadline in agreement with the parties to
look at the syndicate accord and the very concentrated telecoms
market and thus guarantee securing free and fair competition,"
Slim and OIAG have a combined 55 percent of Telekom Austria
under the agreement. America Movil is offering 7.15 euros per
share that the partners do not already own.
With a market share of 43 percent, Telekom Austria is the
country's biggest mobile provider, ahead of Deutsche Telekom's
T-Mobile and Hutchison Whampoa's Drei.
America Movil's offer runs until July 10. The TKK telecoms
regulator is also examining the deal, as is the Financial Market
Authority because Telekom Austria's Paybox Bank unit has a
(editing by Louise Heavens)