No replies to this topic

[fluid]

High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://blogs.ft.com/.../#ixzz1wwBFsBA8

Carlos Slim: at it again?
June 5, 2012 3:56 pm by Jonathan Wheatley
1
inShare
0
Shares in Telekom Austria jumped by nearly 10 per cent in Vienna on Tuesday after a local news magazine said Carlos Slim, the Mexican telecoms tycoon, had taken a 4.1 per cent stake in the company, Reuters reports.
This would be far from the first time Slim has snapped up a cheap asset in distressed Europe. He made a similar move on KPN of the Netherlands last month and followed it up the next day by taking control of Simple Mobile of the US.
The Austrian deal has yet to be confirmed. But it bears all the hallmarks of a typical Slim deal: buy cheap, build organically. That’s what he did in Latin America, where América Móvil has operations in 17 countries plus the US.