America Movil says to reduce Telekom Austria stake

America Movil said on Thursday it would cut its stake in Telekom Austria by 7.8 percentage points to just over 50 percent as a deadline neared for it to reduce its holding and increase the Austrian firm's free float. The announcement came shortly after Citigroup said it was launching a bond of up to 400 million euros ($443.8 million) exchangeable into shares of Telekom Austria, which could be a means to the same end, but America Movil's brief statement made no reference to that bond. America Mov