UPDATE 1-Slim eyes friendly takeover of Telekom Austria-report

jueves 20 de febrero de 2014 06:44 GYT

* Syndicate deal between America Movil, OIAG in works - News

* "Generous" takeover offer could follow - magazine

* Company has no comment, OIAG says no concrete talks

* Shares ease 0.7 percent, lag sector index

By Michael Shields, Georgina Prodhan and Angelika Gruber

VIENNA, Feb 20 (Reuters) - Billionaire investor Carlos Slim's America Movil plans a takeover of Telekom Austria via an accord with its top Austrian shareholder that would trigger a public offer, News magazine reported.

America Movil has said it does not plan a hostile takeover offer for Telekom Austria, in which it holds 27 percent, but a friendly or agreed offer for the majority of the Austrian company has long been expected.

A draft accord to set up a controlling syndicate, as reported by News on Thursday, would give America Movil the upper hand in a partnership with Austrian state holding company OIAG, but would also commit it to financial backing.

America Movil would agree to contribute up to 750 million euros ($1 billion) via a share issue to fuel expansion and cut debt, the magazine said.   Continuación...