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Carlos Slim’s America Movil (AMX) now has a 59.7% stake in Telekom Austria (TA) after the additional acceptance period for its public tender offer ended last week.
The Mexican telco’s subsidiary Carso Telecom acquired an additional 38.4 million shares, equal to an 8.68% holding, the Austrian incumbent telco said in a statement.
Brazilian telecoms operator Oi said the possible liquidation of Rioforte, which owes Portugal Telecom (PT) nearly €900m (US$1.15bn), will not impact its merger with the Portuguese incumbent.
In a securities filing, Oi also reiterated that it will still go ahead with the planned listing of the combined entity on the Novo Mercado segment of Sao Paulo’s stock exchange.
South African state-owned Telkom still requires several a number of regulatory approvals for its planned acquisition of local ICT company Business Connexion (BCX) to go ahead.
Initially, the deal was expected to be finalised on 20 October after BCX’ shareholders gave the green-light in mid-August.
Polish state-owned railways operator PKP is reportedly making a renewed attempt to sell fixed-line telecoms unit TK Telekom, inviting expressions of interest from potential buyers.
PKP has hired local firm mCorporate Finance to send out teaser information on the Warsaw-based telco, which analysts have valued at about PLN400m (US$121m), local media reported citing an official document.
South Korean mobile phone maker Pantech has filed for bankruptcy protection in the US as part of broader restructuring efforts.
Pantech reported debt of up to US$1bn and assets of up to US$500m in its application to the US Bankruptcy Court of Atlanta for Chapter 15 protection, Bloomberg reported citing court documents.
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