Norwegian Telenor to Enter Telekom Austria

Businessn.a. ♦ Published: December 17, 2011; 20:06 ♦ (Vindobona)

The core shareholder at Telekom Austria, Ronny Pecik, could re-sell its recently acquired stakes. Telenor and the Russian Sistema are interested.

Norwegian Telenor to Enter Telekom Austria / Picture: © Telekom Austria Group

The strategy of Pecik becomes clearer. The Austrian investor currently holds up to 20% at Telekom Austria and he already announced plans to occupy seats in the supervisory board and to reduce dividends. After Pecik fiercely criticized the dividend policy of Telekom, the company indead yesterday decided to cut them drastically. For Pecik, it was not comprehensible why Telekom granted…