Mexico's Slim seeks bigger slice of U.S. phone market

MEXICO CITY (Reuters) - Mexican billionaire Carlos Slim upped the pressure on K

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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. ...

Mexican telecoms giant America Movil announced Thursday it had completed an unsolicited bid for a 27.7 percent share in Dutch operator KPN.America Movil will now "hold 393,283,000 shares, representing approximately 27.7 percent of all issued and outstanding shares," it said in a statement.Controlled by billionaire Carlos Slim, America Movil launched its bid on May 30 for just over a quarter of the Dutch group, offering eight euros ($10.07) a share or 2.6 billion euros ($3.2 billion) for the stake.

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.

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.