Nytex

In Brief:America Movil Reducing Stake in Telekom Austria 

Mexico based America Movil has announced that it is reducing its stake in Telekom Austria, but will retain control of the company. It is reducing its holding from 59.7 percent to 51.89 percent as part of a previous agreement to reduce the holding within two years.America Movil took control of the Austrian operator in 2014 as part of a now stalled move to build up a number of assets across Europe.

***Brazil's federal government is concerned about the situation of telecommunications group Oi and may intervene if there is a deterioration in the quality of services, said the Minister of Science, Innovation and Communications. The company filed a request for bankruptcy protection in June, under weight of debts totaling BRL 65 billion. According to the Minister Kassab, despite the difficulties of the company, so far there has been no drop in the quality of the operator's services. He also expressed hope that Oi will quickly find a path to overcome the financial crisis.

***Saudi’s Lebara Mobile SA is looking to launch the group’s first mobile virtual network enabler (MVNE) model in the region, by dint of a tie-up with Chinese gear maker Huawei. Although Telecompaper does not cite its source, it claims that the MVNO will look to leverage *Mobily*’s telecom network in Saudi Arabia to deliver voice and data service to Saudi customers. Lebara Mobile will reportedly begin to offer MVNO services to regional players in the coming months.

***London-based Mundio Mobile which operates MVNO businesses already in the UK, Austria, Belgium, Denmark, France, Netherlands, Portugal, Czech Republic and Sweden under the branding Vectone Mobile, is to launch a new ethnic MVNO in Italy by the end of 2016. Mundio Mobile has been in operation since 2007 and is also seeking further expansion, with the markets of Serbia, Cyprus and Switzerland mooted in the medium term (i.e. by end-2016). Typically, Vectone Mobile operates in all countries where it offers the service as a Full MVNO, and has apparently been assigned the prefix 3712 as its mobile network code (MNC).

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