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EU: Carlos Slim’s footprint could deepen in consolidated telco market

By  |  August 31, 2013
EU: Carlos Slim’s footprint could deepen in consolidated telco market

Following news that tycoon Carlos Slim is set to acquire the additional 70 percent of telecommunications operator KPN in a $9.5 billion buyout, industry experts are now mulling what’s next for Slim and his America Movil firm.

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    While the Mexico-based company has made no secret of its plans to expand within Europe, which is currently experiencing major industry overhauls as regulators look to consolidate the industry into a single, pan-EU market, the next target for Carlos Slim remains uncertainty.

    Some experts predict Austria as the next target, specifically with Telekom Austria. Slim currently has a minority stake in the Austria-based company, though some experts are now predicting a new buyout as Slim promotes his EU agenda.

    Reports describe the Austrian telco market as “one of Europe’s most cutthroat.”

    Full Content: ZDNet

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