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Wireless

America Movil agrees support for KPN sale of E-Plus

Monday 26 August 2013 | 08:43 CET | News
Telefonica has agreed to give KPN a bigger stake in their combined German mobile operators in order to gain approval for the deal from KPN's largest shareholder, America Movil. KPN will still receive EUR 5 billion cash for merging E-Plus with Telefonica Deutschland. In addition, the Dutch operator will receive a stake of 20.5 percent in the new company, up from 17.6 percent as agreed in July. Telefonica will hold 62.1 percent in the German company, instead of the 65 percent originally agreed, and the remainder will be free float. Telefonica will still have an option to increase its stake to

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