By Angelika Gruber and Georgina ProdhanVIENNA (Reuters) - Carlos Slim's America Movil and the Austrian government are moving towards a deal to pool their stakes in Telekom Austria, which would lead to a takeover offer and mark a further step in the Mexican tycoon's expansion in Europe.
AMSTERDAM (AP) — America Movil SAB, owned by Mexican billionaire Carlos Slim, will launch a 7.2 billion euro ($9.6 billion) bid for the part of Dutch telecom company Royal KPN NV it doesn't already own, in a challenge to a rival offer for KPN's prized German mobile group E-Plus.
By Bram de Haas:Royal Kpn N.V. (KKPNY.PK) is the incumbent telecom operator of the Netherlands. Carlos Slim's America Movil, S.A.B. de C.V. ADR (AMOV) recently bid 2.4 euro per share to gain control of the company - it already controlled about 30%.