0
General

America Movil reaches desired 27.7% stake in KPN

Thursday 28 June 2012 | 09:19 CET | News
America Movil has been offered enough KPN shares to lift its stake to 27.7 percent. The deadline for the Mexican operator's partial bid on KPN ran until 17.30hrs on 27 June, and the number of shares tendered reached 39.66 percent of the total outstanding, passing the number America Movil wanted to acquire. By the deadline, the company owned 24.91 percent in KPN and said it would buy another 2.8 percent. The Mexican operator said that any shares tendered in excess of the maximum acceptance number will be scaled down according to procedures. In three days, America Movil will announce its bid

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: Europe / 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

America Movil demands changes at KPN - report

Published 13 Feb 2013 15:42 CET | Netherlands
America Movil is seeking changes at KPN that may give it greater influence on the Dutch company's management before agreeing to ...

Is KPN's independence coming to an end?

Published 18 Jan 2013 12:50 CET | Netherlands
Dutch operator KPN's share price rose slightly on 17 January, following a report that it could be a takeover target for AT&T. ...

KPN looks for help through partnerships

Published 24 Sep 2012 13:04 CET | Netherlands
After failing in its attempts to sell Base (Belgium) and E-Plus (Germany), KPN appears to focusing more on partnerships. The ...

America Movil net profit falls in Q2 on forex losses

Published 27 Jul 2012 08:35 CET | Latin America
America Movil reported second-quarter revenues up 9.3 percent from a year earlier to MXN 19.7 billion. Mobile revenues rose 14.1 ...

VEB wants KPN to explain what happened with America Movil

Published 13 Jul 2012 11:03 CET | Netherlands
Dutch shareholders group VEB wants KPN to explain, in an extra shareholder meeting planned for September, why it tried to sell ...

Slim has no current plans for fresh European investments

Published 04 Jul 2012 14:30 CET | Europe
Mexican billionaire Carlos Slim is not currently interested in acquiring any more European telecoms companies, reports APA. ...

KPN CEO flies to America Movil in Mexico City

Published 29 Jun 2012 09:19 CET | Netherlands
KPN CEO Eelco Blok is currently in Mexico City, where he is visiting the board of America Movil, a company spokesperson told AFP. ...

America Movil bereikt target voor belang in KPN

Published 27 Jun 2012 23:14 CET | Netherlands
América Móvil heeft genoeg aandelen KPN aangeboden gekregen om het gewenste belang van 27,7 procent op te kunnen bouwen. De ...

America Movil takes stake in KPN to 23.43%

Published 27 Jun 2012 10:04 CET | Netherlands
America Movil said it has bumped its stake in KPN up to 23.43 percent. The Mexican operator bought four packages of shares for ...

America Movil sees good relations with KPN management

Published 25 Jun 2012 10:28 CET | Netherlands
America Movil sees no problems getting along with the KPN management, despite the latter's resistance to a partial takeover bid ...

KPN headed for a break-up

Published 22 Jun 2012 13:44 CET | Europe
KPN has issued a 'position statement' on America Movil's partial bid for the Dutch operator. The statement outlines in detail how ...

America Movil close to reaching its goal with KPN

Published 22 Jun 2012 09:27 CET | Belgium
America Movil said it now has 20.92 percent of KPN shares. The buy brings the Mexican operator closer to its goal of owning 27.8 ...

KPN to not sell E-Plus; America Movil increases stake

Published 21 Jun 2012 09:21 CET | Germany
KPN will not sell its German unit E-Plus for the moment. After an unwanted partial bid from America Movil, KPN said it would look ...

KPN put barricades up - America Movil CFO

Published 19 Jun 2012 10:28 CET | Netherlands
KPN deliberately instigated a break with America Movil last month by demanding that the Mexican telecom company waive its right ...

America Movil to buy 21% stake in Telekom Austria

Published 15 Jun 2012 09:24 CET | Austria
America Movil announced an agreement to acquire a 21 percent stake in Telekom Austria. This marks the Mexican company's second ...

KPN shows itself as opportunistic as America Movil

Published 01 Jun 2012 11:31 CET | Belgium
KPN has rejected the partial bid from America Movil, calling it "opportunistic" and suggesting it would give America Movil de ...

Telefonica's troubles may open door for KPN

Published 31 May 2012 15:53 CET | Germany
Telefonica has announced plans to pursue an IPO of its German unit, as part of efforts to reduce its debt. The economic turmoil ...

Carlos Slim's European adventure just starting

Published 30 May 2012 12:00 CET | Europe
While America Movil has officially launched its bid for a large minority stake in KPN, the rumour mill continues to generate ...