Latin American telecom America Movil steps into Central Europe

After consolidating its position last year in Brazil,  America Movil the biggest telecom carrier in Mexico, announced that it had agreed to buy a 21% equity stake in Telekom Austria.

Telekom Austria is an integrated telecom operator serving almost 23 million customers in  Central and Eastern Europe, including: Austria, Bulgaria, Croatia, Belarus, Slovenia, Serbia, the Republic of Macedonia and Liechtenstein.

Strategic move

America Movil expands in Europe taking advantage of increased macroeconomic weakness and threatens the influence of rival Telefónica.

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About Hildete Vodopives

Hildete de Moraes Vodopives is founder of Brazil Global and of the Harvard Strategists. She is a member of the Brazilian Investment Analysts Association (APIMEC-Rio) where she served as Corporate Relations Director and later, on the board. Hildete advises companies doing business in Brazil.
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2 Responses to Latin American telecom America Movil steps into Central Europe

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  2. You have shared an excellent info with us,It would be proved an effective step for America Movil and for U.S economy as well.

    Thanks for the info!!!

    Like

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