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General

KPN, America Movil close to agreement - report

Monday 14 October 2013 | 09:27 CET | News
Takeover talks between KPN and America Movil are nearly completed, reports Dutch paper De Telegraaf citing sources familiar with the matter. The only stumbling point is agreeing on expected future revenues at KPN. The Dutch operator has called America Movil's offer of EUR 2.40 per share too low, prompting America Movil to threaten to withdraw the offer. Bloomberg reported earlier that an agreement on the price was holding up the talks.

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