Hostile Takover of Telekom Austria?

People ♦ Published: October 3, 2011; 13:43 ♦ (Vindobona)

According to market rumors, Telekom Austria prepares measures against a potential takeover. Currently, the corporation faces several troubles.

Hostile Takover of Telekom Austria? / Picture: © Telekom Austria Group

Telekom´s CEO Hannes Ametsreiter has to secure the corporation against a potential takeover. In order to prevent this scenario, he already instructed the U.S. investment bank Merill Lynch, the Austrian newspaper “Wirtschaftsblatt” reports.

Insiders should have said that the Telekom fears a hostile takeover. The Telekom did not comment any of these rumors.