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General

America Movil says no plans for full takeover of KPN

Tuesday 8 May 2012 | 14:19 CET | News
America Movil hasn't held discussions with KPN and sees its stake in the Dutch operator as a "long-term" strategic investment, CFO Garcia-Moreno said. In a conference call on America Movil's bid to increase its stake in KPN to 28 percent, the CFO said the Mexican company had no plans to fully take over KPN, Bloomberg reports. American Movil currently holds 4.8 percent in KPN and plans to launch a public bid for the remaining shares up to 28 percent once it gets clearance from the Dutch markets regulator. Garcia-Moreno said this could be a step towards further investments in Europe. "It

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Categories: General
Companies: America Movil / KPN
Countries: Netherlands
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