VIENNA, March 17 Mexican telecoms tycoon Carlos
Slim has finished consolidating his company and family stakes in
Telekom Austria into a blocking minority, the Austrian
firm said on Monday in a regulatory filing.
Slim's America Movil controls since last week the
entire 26.8 percent stake that was previously split with a
family foundation, it has informed Telekom Austria.
That is enough to veto big decisions at the Austrian firm
but below the 30-percent mandatory takeover offer threshold.
The move announced in January clarified Slim's position in
the eyes of regulators that monitor when stakeholdings become
large enough to trigger takeover bids.
Austrian state holding company OIAG remains Telekom
Austria's biggest shareholder with a 28 percent stake.
Austria and America Movil are in talks on pooling their
stakes but have not moved to formal negotiations, the state
holding company said last week.