0
General

America Movil delays KPN bid until October

Monday 30 September 2013 | 08:38 CET | News
America Movil said it does not expect to launch its public bid for KPN until October. The offer of EUR 2.40 per share was previously expected in September, but America Movil is still in talks with KPN and the Dutch operator's stakeholders about the terms of the deal. America Movil said it's making "good progress" towards finalizing preparations for the bid and expects to publish the offer memorandum in the course of October. The company said it was still considering its options in relation to the move last month by the Stichting Preferente Aandelen B KPN, a private foundation set up to

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: America Movil / KPN
Countries: Netherlands
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

KPN foundation to give up controlling stake

Published 11 Nov 2013 09:32 CET | Netherlands
The foundation that took a controlling stake in KPN to block its takeover by America Movil has now agreed to give up its ...

America Movil bid prospectus raises more questions over KPN bid

Published 22 Oct 2013 17:45 CET | Netherlands
KPN has rejected the takeover bid from America Movil, and the question is now what the Dutch operator plans to do. Since the ...

KPN says America Movil bid lacked complete package

Published 17 Oct 2013 15:18 CET | Europe
KPN wanted a complete package from America Movil, with financial, non-financial and governance assurances, to reach a possible ...

America Movil abandons KPN takeover bid

Published 16 Oct 2013 23:27 CET | Netherlands
America Movil has abandoned its proposed takeover bid for KPN, after it was unable to reach an agreement with the Dutch company. ...

KPN, America Movil close to agreement - report

Published 14 Oct 2013 09:27 CET | Netherlands
Takeover talks between KPN and America Movil are nearly completed, reports Dutch paper De Telegraaf citing sources familiar with ...

'Marktaandeel America Movil beneden 50 procent'

Published 14 Oct 2013 09:19 CET | Mexico
Het marktaandeel van America Móvil zal in Mexico de komende jaren flink dalen. Volgens de Mexicaanse senator Javier Lozano zal ...

KPN selects Rabobank for advice around America Movil bid

Published 26 Sep 2013 09:19 CET | Netherlands
The KPN Preference B Shares Foundation has appointed Rabobank its financial advisor, with Rothschild as co-advisor. Rabobank will ...

Dutch govt to take active role in KPN takeover process

Published 16 Sep 2013 09:02 CET | Netherlands
The sale of KPN is up to its shareholders, but the Dutch government will take an active role in the process due to the company's ...

KPN still considering America Movil offer

Published 12 Sep 2013 09:03 CET | Netherlands
KPN said it's in talks with America Movil on its unsolicited bid for the Dutch operator, but the board has yet to take a position ...

Dutch shareholders call for KPN to take stand on AMX bid

Published 09 Sep 2013 11:13 CET | Netherlands
The Dutch shareholders association VEB has called on KPN to take a position on America Movil's proposed bid for the Dutch ...

KPN takeover saga continues

Published 03 Sep 2013 13:36 CET | Netherlands
The Foundation Preferent Aandelen B KPN has executed its option to acquire 50 percent minus 1 of KPN's voting rights. The main ...

Dutch shareholders group calls for limits on KPN foundation

Published 03 Sep 2013 10:19 CET | Netherlands
The Dutch shareholder rights group VEB has called for limits on the rights of the foundation that has acquired nearly half of ...

Slim spokesman rejects higher bid for KPN

Published 02 Sep 2013 09:34 CET | Netherlands
America Movil will not increase its offer for KPN, according to Atruro Elis, the spokesman for America Movil owner Carlos Slim. ...

KPN foundation defends opposition to America Movil bid

Published 02 Sep 2013 08:49 CET | Netherlands
The 'poison pill' set up by the foundation blocking America Movil's takeover of KPN was created because the bid did not have ...

KPN foundation blocks America Movil bid

Published 30 Aug 2013 08:24 CET | Netherlands
A foundation set up to protect the interests of KPN has exercised a call option to take 50 percent minus one of the voting rights ...

America Movil promises no major changes at KPN

Published 29 Aug 2013 10:21 CET | Netherlands
America Movil does not plan any drastic changes at KPN if it succeeds in its takeover bid for the Dutch operator, according to ...

America Movil to meet Dutch minister, KPN unions

Published 27 Aug 2013 09:25 CET | Netherlands
America Movil executives will meet the Dutch Minister for Economic Affairs Henk Kamp and union representatives from KPN on 28 ...

What can America Movil do with KPN Netherlands and Base?

Published 26 Aug 2013 14:59 CET | Europe
KPN, Telefonica and America Movil have agreed to a higher price for KPN's German subsidiary E-Plus. In addition to EUR 5 billion ...

America Movil agrees support for KPN sale of E-Plus

Published 26 Aug 2013 08:43 CET | Germany
Telefonica has agreed to give KPN a bigger stake in their combined German mobile operators in order to gain approval for the deal ...





Calendar   /   Industry Events

02 Nov Cirrus Logic fiscal Q2
02 Nov Ceragon Networks Q3 2020
02 Nov SBA Communications Q3
02 Nov Adtran Q3 2020
02 Nov Neophotonics Q3 2020
02 Nov Lumentum fiscal Q1
02 Nov Skyworks fiscal Q4
02 Nov Idemia Q3 2020
02 Nov Arista Q3 2020
02 Nov Web Summit
03 Nov TIM Q3 2020
03 Nov Oteclo Q3 2020
04 Nov Fitbit Q3
04 Nov Lumen Technologies (formerly CenturyLink) Q3
04 Nov Qualcomm fiscal Q4
04 Nov Liberty Latin America Q3 2020
04 Nov Smith Micro Q3 2020
04 Nov Net Insight Q3 2020
04 Nov Qorvo fiscal Q2
04 Nov Telecom Italia Q3 2020
04 Nov Cellnex Q3
04 Nov Syn Q3 2020
04 Nov Magyar Telekom Q3 2020
04 Nov Liberty Global Q3 2020
04 Nov Softbank fiscal Q2
04 Nov Digital Infra Africa
05 Nov Cable One Q3 2020
05 Nov Aviat Q1
05 Nov Netia Q3 2020
05 Nov Viasat Q2
::: More Calendar Items