Key Developments: Telekom Austria AG (TKAGY.PK)

TKAGY.PK on OTC Markets Group

22 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Telekom Austria AG announces end of rights offering subscription period and completion of capital increase
Monday, 24 Nov 2014 02:00pm EST 

Telekom Austria AG:Announces end of rights offering subscription period and completion of the capital increase it announced on Nov. 7, 2014.Net proceeds of the transaction will amount to about 997 million euros.Number of shares of Telekom Austria Group will increase by 221.5 million, from 443.0 million to 664.5 million.  Full Article

Telekom Austria AG announces 1 billion euros capital increase
Friday, 7 Nov 2014 01:35am EST 

Telekom Austria AG:Announces 1 billion euros capital increase with America Movil as well as OIAG taking up new shares.Rights offering will start on Nov. 10 and is expected to end on Nov. 24.Shareholders will be entitled to one new share for every two existing Telekom Austria shares they own.  Full Article

Telekom Austria AG confirms FY 2014 outlook
Thursday, 23 Oct 2014 01:00am EDT 

Telekom Austria AG:Still expects group revenue to decline by about 3.5 pct in FY 2014.  Full Article

Telekom Austria and Telekom Slovenije to merge Macedonia units
Wednesday, 22 Oct 2014 08:40am EDT 

Telekom Austria AG:Says agrees to merge its Macedonia unit VIP Operator and Telekom Slovenije's unit One.Says to hold 55 pct of merged group, Telekom Slovenije 45 pct.Says deal has call and put options for Telekom Slovenije to exit merged company within three years of closing.  Full Article

America Movil to own just over half of Telekom Austria-Reuters
Monday, 14 Jul 2014 06:50pm EDT 

America Movil SAB de CV:Carlos Slim's America Movil said it would take control of just over half of Telekom Austria AG in a $1 billion buyout offer-Reuters.America Movil, which already owns around 27 percent of company, said it would acquire additional 23.47 percent of Telekom Austria's shares.Purchase of 103,978,115 additional shares at 7.15 euros each will cost America Movil about 743 million euros ($1.01 billion).America Movil will hold about 50.8 percent of Telekom Austria shares as result of the buyout.  Full Article

America Movil presents offer for rest of Telekom Austria-Reuters
Wednesday, 14 May 2014 08:00pm EDT 

America Movil SAB de CV:Submits its offer to buy shares of Telekom Austria AG which company or its partner, OIAG, do not already own-Reuters.America Movil European unit said it had offered 7.15 euros per share for the rest of Telekom Austria stock.It did not say how long offer would remain open.Buy-out will cost America Movil up to $2 billion on top of about $1 billion company has already spent on building up its 27 percent stake in Telekom Austria since 2012.  Full Article

America Movil, OIAG and Telekom Austria reach ownership deal-Reuters
Wednesday, 23 Apr 2014 08:00pm EDT 

America Movil SAB de CV:To back 1 billion euro capital increase for Telekom Austria AG and to pay 7.15 euros per share for company outstanding stock in co-ownership deal combining its stake with that of OIAG-Reuters.Telekom Austria is present in Belarus, Bulgaria, Croatia, Serbia, Macedonia, Liechtenstein, Slovenia and Austria.Agreement to stand for 10 years with option to extend for further five.Price America Movil will pay per share is premium of 10.7 percent over six-month average stock price for Telekom Austria, or minimum bid required.America Movil already holds 26.4 percent of Telekom Austria.OIAG holds 28.4 percent of Telekom Austria stock.  Full Article

Telekom Austria AG CFO Hans Tschuden to leave company at end of May- Reuters
Tuesday, 8 Apr 2014 09:55am EDT 

Telekom Austria AG:Says Chief Financial Officer (CFO) Hans Tschuden to leave company at end of May - Reuters.Company gave no reason for move.Says outspoken CFO had contract until end of March 2017 with option to terminate it two years early.  Full Article

Telekom Austria AG issues FY 2014 revenue outlook and proposes dividend for FYs 2013 and 2014
Wednesday, 26 Feb 2014 01:00am EST 

Telekom Austria AG:Says proposed dividend for FY 2013 amounts to 0.05 euro per share.Intends to distribute a dividend of 0.05 euro per share for FY 2014.Expects group revenue to decline by approximately 3 pct in FY 2014.FY 2013 revenue of 4,183.9 million euro.FY 2014 revenue of 4,122 million euro - Thomson Reuters I/B/E/S.  Full Article

Telekom Austria AG To Pay EUR1 Billion For Spectrum-Paper-Reuters
Monday, 21 Oct 2013 10:50am EDT 

Reuters reported that Telekom Austria AG will pay around EUR1 billion ($1.4 billion) for new telecoms spectrum in an auction that will net around EUR2 billion for the government, a newspaper reported. Austria's WirtschaftsBlatt, citing well-informed sources, said Deutsche Telekom's T-Mobile Austria would pay EUR700 million and Hutchison Whampoa's H3G would hand over EUR300 million.  Full Article

Telekom Austria CEO says sees little room for asset purchases

VIENNA, Dec 1 - Telekom Austria has little room for buying new assets after it raised 1 billion euros ($1.25 billion) in a rights issue last month which it will use for investment in Austria and reducing debt, Chief Executive Hannes Ametsreiter said.

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