UPDATE 1-Telekom Austria CEO says sees little room for asset purchases

lunes 1 de diciembre de 2014 10:39 GYT
 

* CEO sees positive signals in Bulgaria, Croatia difficult

* Sticks to 5-cent dividend for 2014, 2015

* Pools resources with America Movil to widen business services (Adds quotes and background)

VIENNA, Dec 1 (Reuters) - Telekom Austria has little room to buy new assets after it raised 1 billion euros ($1.25 billion) in a rights issue last month which it will use for investment in Austria and reducing debt, Chief Executive Hannes Ametsreiter told Reuters.

"I certainly don't see a lot of room to move at the moment," Ametsreiter said in an interview on Monday when asked about possible acquisitions. "Growth means mainly organic growth."

Majority owner Carlos Slim's America Movil has said it wanted to use Telekom Austria for further expansion into central and eastern Europe and fully supported its capital hike.

Telekom Austria has earmarked 400 million euros for investment into its fibre optic network in its home market and aims to bring its debt back to levels before it spent 1 billion euros at a mobile frequency auction last year.

Any asset purchases would aim to improve its ability to offer packages including television, internet, phone and data services, mainly where Telekom Austria is already present, Ametsreiter said.   Continuación...