Telekom Austria (TA) has approximately one billion euros available for acquisitions in countries where it is already present as well as new markets in Eastern Europe, said CEO Alejandro Plater, also announcing the “consolidation” of operations in Croatia, Belarus, and Macedonia.
The Austrian operator is a member of the American Movil group, and besides its home country of Austria, it operates in Croatia, Slovenia, Serbia, Macedonia, Bulgaria, and Belarus. They have announced expansion into other markets, and Plater’s statement is the most concrete indication of the company’s plans in recent months.
– The company is not relevant if it does not expand, Plater said on Monday at the Economic Journalists Club in Vienna, outlining a series of priorities.
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He noted that they will “go into new countries, this is a tactical move… We will continue to seek opportunities in the east,” said the TA leader, not naming the countries they would be interested in.
– We can pursue acquisitions amounting to one billion euros without raising additional capital, he added.
He also announced that the company plans to “consolidate” in Croatia, Belarus, and Macedonia.
