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General

America Movil considers sale of 21% KPN stake - report

Thursday 21 April 2016 | 14:20 CET | News
America Movil is considering the sale of its minority stake in Dutch operator KPN, people with knowledge of the matter told Bloomberg. The 21 percent stake is what remains of America Movil's failed takeover attempt of KPN almost three years ago. KPN's share price has roughly doubled in the past three years, and the stake is now worth about EUR 3.2 billion. Bloomberg's sources said the stake could be attractive to other operators looking to expand in Europe, such as Deutsche Telekom, Orange or Altice. However, America Movil hasn't made a final decision about the timing or structure of a sale,

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Categories: General
Companies: Altice Europe / America Movil / Deutsche Telekom / KPN / Orange
Countries: Netherlands
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