June 23, 2014 / 10:16 AM / in 4 years

Telekom Austria to announce convergence step

VIENNA, June 23 (Reuters) - Telekom Austria said it would announce on Monday a further step in its strategy of converging fixed-line and mobile communications, which it has mainly pursued via acquisitions.

The company, which is being taken over by Carlos Slim’s America Movil, said there would be a news conference with its chief executive at 1200 GMT.

America Movil has said it plans to use Telekom Austria as a base to build up its presence in eastern Europe. (Reporting by Georgina Prodhan; editing by Jason Neely)

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