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General

KPN considers E-Plus spin-off - report

Monday 11 June 2012 | 14:14 CET | News
KPN is still considering spinning off its German mobile business E-Plus in an attempt to fend off an unwanted bid from America Movil. An announcement on a move is likely within two weeks, people familiar with the situation told the Financial Times. A spin-off could open the way for E-Plus to ultimately link with O2, the German mobile subsidiary of Telefonica, which the Spanish operator announced it was seeking to list. The possible spin-off is KPN's latest strategy to convince its shareholders not to sell to America Movil, which is offering to buy up to 28 percent of KPN's shares. KPN has

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Categories: General
Companies: America Movil / E-Plus / KPN / Telenet
Countries: Germany / Netherlands
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