UPDATE 1-Telekom Austria says has room for acquisitions

miércoles 11 de febrero de 2015 06:47 GYT
 

* Room for purchases in 3-digit million range -CEO

* America Movil to use T. Austria for Europe expansion

* No specific projects planned - CEO

* CEO sees strong Q1 after Q4 loss (Recasts with CEO comments)

VIENNA, Feb 11 (Reuters) - Telekom Austria has room for acquisitions in a three-digit million euro range, Chief Executive Hannes Ametsreiter said on Wednesday, adding there was no specific project in the pipeline.

The company is a unit of Carlos Slim's America Movil . Mexican billionaire Slim has said he wants to use it as a base for further expansion into central and eastern Europe, where Telekom Austria already has operations in six countries including Bulgaria and Croatia.

Asked whether Telekom Austria was currently planning any acquisitions, CEO Ametsreiter told a news conference: "We can move in a range 3-digit million euro range. We have always said, we screen the market mainly in our footprint."

Telekom Austria successfully finalised a cash call last November, raising 1 billion euros, with top shareholders Slim and Austria's state holding company OIAG making full use of their allotments.

The firm is also using the money to reduce its debt, improve its infrastructure and boost its cash buffer.   Continuación...