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.

Published by Hildete Vodopives

Hildete de Moraes Vodopives is founder of Brazil Global and of the Harvard Strategists Group. She has a PhD in Economic History and advises companies and investment agencies in international business development.She served as Corporate Relations Director and later, on the board of the Brazilian Investment Analysts Association (APIMEC).

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