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General

What can America Movil do with KPN Netherlands and Base?

Monday 26 August 2013 | 14:59 CET | Author: Tim Poulus | Market Commentary
KPN, Telefonica and America Movil have agreed to a higher price for KPN's German subsidiary E-Plus. In addition to EUR 5 billion cash, KPN will receive a bigger stake in Telefonica Deutschland of 20.5 percent, up from 17.6 percent when the deal was first announced in July. This increases the enterprise value of E-Plus to EUR 8.55 billion from EUR 8.10 billion. Telefonica will have an option to increase its stake in the German company by 2.9 percent in a year, for EUR 510 million (plus interest and minus dividends). America Movil said it will vote for the E-Plus sale at the KPN extraordinary

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Categories: General
Companies: America Movil / E-Plus / KPN / Telefonica / Telefonica Deutschland
Countries: Europe
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