Key Developments: Telekom Austria AG (TKAGY.PK)

TKAGY.PK on OTC Markets Group

19.40USD
9 Jul 2014
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Latest Key Developments (Source: Significant Developments)

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 AG to Issue FY 2012 Dividend
Wednesday, 29 May 2013 01:31pm EDT 

Telekom Austria AG announced that it has decided to issue a fiscal year 2012 dividend of EUR 0.05 per eligible no par value share. The rest and the amount that is allotted to non-eligible treasury shares will be carried forward onto new account.  Full Article

Telekom Austria AG's Croatian Subsidiary Acquires Satellite TV Provider-DJ
Monday, 11 Mar 2013 05:46am EDT 

Dow Jones reported that the Croatian subsidiary of Telekom Austria AG, Vipnet d.o.o., has acquired the Croatian satellite-television provider Digi TV. Through this acquisition, Vipnet will expand its current telephony, internet and cable television service portfolio to include digital satellite television solutions and position itself as full service provider on the Croatian television market. The transaction closing has already taken place, and confidentiality has been agreed on the purchase price.  Full Article

Telekom Austria AG Completes the Acquisition of YESSS!
Thursday, 3 Jan 2013 08:15am EST 

Telekom Austria AG announced that it has completed the acquisition of YESSS! Telekommunikation GmbH ("YESSS!"). On November 27, 2012 the Austrian Cartel Court approved the proposed acquisition of YESSS! by Telekom Austria Group without conditions. The approval decision became legally binding on December 21, 2012. After fulfilment of all conditions, in particular the closing of the acquisition of Orange Austria by Hutchison 3G Austria Holdings GmbH, the closing of the transaction and the payment of the purchase price occurred on January 3, 2013. On February 3, 2012 Telekom Austria Group announced that it has agreed to acquire frequencies, base station sites, the mobile phone provider YESSS!, as well as certain intellectual property rights owned by Orange Austria, for a total amount of up to EUR 390.0 million.  Full Article

Telekom Austria AG Receives Court Approval for Proposed Acquisition of YESSS! Telekommunikation GmbH
Tuesday, 27 Nov 2012 05:00am EST 

Telekom Austria AG announced that it has received the decision of the Austrian Cartel Court to approve the proposed acquisition of YESSS! Telekommunikation GmbH ("YESSS!") by Telekom Austria AG without conditions. This ruling is not legally binding, it is subject to appeal by the Austrian Federal Competition Authority and the Federal Cartel Attorney within four weeks from service of the decision. On February 3, 2012, Telekom Austria Group announced that it has agreed to acquire frequencies, base station sites, the mobile phone provider YESSS! as well as certain intellectual property rights owned by Orange Austria for a total amount of up to EUR 390 million.  Full Article

Telekom Austria AG Reiterates FY 2012 Outlook
Wednesday, 14 Nov 2012 01:00am EST 

Telekom Austria AG announced that it has reiterated its outlook for the fiscal year 2012. For the fiscal year 2012 the Company expects revenues of approximately EUR 4,200.00 million, EBITDA comparable of between EUR 1,400.00 million and EUR 1,450.00 million, CAPEX of between EUR 700.00 million and EUR 750.00 million and Operating Free Cash Flow of between EUR 700.00 million and EUR 750.00 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2012 revenue of EUR 4,241.08 million, fiscal year 2012 EBITDA of EUR 1,407.54 million and fiscal year 2012 CAPEX of EUR 726.02 million.  Full Article

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America Movil's offer for Telekom Austria goes unconditional

VIENNA - A pact between Telekom Austria's two biggest shareholders has gained the necessary regulatory approvals, meaning that America Movil's offer for the outstanding shares is now unconditional.

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