A1 Telekom Austria Group
On 23 April 2014 Carlos Slim, owner of America Movil, took control of Telekom Austria by forming a syndicate agreement between ÖIAG and America Movil, spending as much as $2 billion to buy out minority shareholders and investing up to 1 billion euros ($1.38 billion) into the company. America Movil sees Telekom Austria as a "platform for expansion into Central and Eastern Europe". Labour representatives boycotted the decision on the syndicate agreement at the ÖIAG supervisory board meeting for 12 hours criticising lack of explicit job guarantees.