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Wireless

KPN: bad move bypassing America Movil with E-Plus sale

Monday 29 July 2013 | 13:45 CET | Author: Tim Poulus | Market Commentary
America Movil has abandoned its shareholders agreement with KPN. Signed in February this year, the original agreement followed the Mexican company acquiring an almost 30 percent stake in KPN. It gave AMX two seats on the Dutch operator's supervisory board and outlined plans for the operators to develop synergies through areas such as procurement, roaming and international traffic. America Movil also agreed to support KPN's rights issue and not increase its stake over 30 percent, the level at which a full takeover bid would be required.

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Categories: Mobile & Wireless
Companies: America Movil / EE / E-Plus / KPN / SFR / Telefonica / Telefonica Deutschland / Yoigo
Countries: Germany / Netherlands
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