The year 2014 has in many ways been a transformative year for Telekom Austria Group. Not only did the company successfully implement important steps towards returning the business to EBITDA comparable growth as described in the previous chapters, but it also saw major shareholder América Móvil increase its stake in the company from 23.7% at the end of 2013 to 59.7% at the end of 2014. Telekom Austria Group thus gained a new majority shareholder with the financial resources to back key strategic decisions. One such decision was the launch of the first capital increase in the history of the company in November 2014, which was fully supported by both América Móvil and ÖIAG, paving the way for a reduction in leverage, a faster fibre-rollout and value-accretive M&A.

Telekom Austria Group’s strategy

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Telekom Austria Group’s strategy (graphic)