America Movil eyes stake in Dutch peer KPN

Mon, 05/07/2012 - 23:22 EDT - Reuters - Business News

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MEXICO CITY (Reuters) - America Movil, the telecoms giant controlled by Mexican tycoon Carlos Slim, said on Monday it planned to acquire up to 28 percent of Dutch telecoms group KPN in its first big push into Europe, in a deal that could be worth over $3 billion.

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Mexico's America Movil raises stake in Dutch KPN to 23.4%
Mexican telecoms giant America Movil announced Tuesday it had raised its stake in Dutch operator KPN to 23.4 percent, edging closer to its unsolicited bid for a 27.7-percent share.Taking into account the day's transactions and past purchases, America Movil now held "23.43 percent of all issued and outstanding shares," in the peer telecoms group KPN, the company said in a statement.
Mexico's America Movil boosts stake in KPN
MEXICO CITY (Reuters) - Mexican billionaire Carlos Slim ramped up his bid for a bigger stake in KPN by purchasing more shares of the Dutch telecommunications company at a lower price than his outstanding tender offer for up to 27.7 percent of the company. America Movil , the jewel of Slim's empire, said on Monday it entered into four separate transactions to buy an aggregate 6 million ordinary shares of KPN , bringing its holding in the Dutch firm to 7.3 percent. "All these transactions were entered into a price in cash of 7.8 euros per ordinary share," the company said in a statement. ...

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America Movil eyes stake in Dutch peer KPN

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