America Movil increased its stake in A1 Telekom Austria by a further 5.5% for an undisclosed sum. The Mexican company now has a total holding in A1 of more than 56%.
In a filing on the Mexican Stock Exchange, America Movil said it purchased the stake from a private investor, upping its ownership in the company from 51%. The move comes around five months after America Movil and the Austrian operator’s second-largest shareholder OeBAG approved plans to spin off the company’s tower assets into a separate unit to be listed on the Vienna Stock Exchange, with the process due to be completed in the current quarter.
America Movil already secured a €500 million loan and launched a separate €500 million bond to fund the separated tower entity. Carving out the operator’s tower assets forms part of America Movil owner Carlos Slim’s wider goal to overhaul the Austrian business, which includes plans to ramp investment in 5G and fiber networks.
Siniša Krajnović regards artificial intelligence as one of the most consequential technological changes of the present era. “This may be the biggest change in the history of human civilisation,” Siniša Krajnović, President of the Management Board and CEO of Ericsson Nikola Tesla, tells ICTbusiness Media – ICTbusiness.info. His assessment reflects the scale of the transformation now facing companies whose operations depend on software engineering.
The European Commission (EC) has expressed concerns that KKR may have submitted inaccurate or misleading data during its 2024 investigation into the acquisition of Telecom Italia’s fixed-line network assets.
Spanish telecommunications group Telefónica and Portuguese telecommunications and IT company NOS Comunicações have agreed to strengthen their cooperation in developing advanced digital technologies for European defense and security applications. The agreement covers secure communications, advanced connectivity and digital services intended to support military operations, autonomous systems and other emerging defense requirements. The partnership also reflects the growing importance of telecommunications infrastructure in Europe's efforts to strengthen technological sovereignty and improve interoperability between national defense systems.
