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General

KPN Foundation wants more clarity from America Movil

Wednesday 14 August 2013 | 10:20 CET | News
The KPN Foundation said it has concerns America Mobile is not being clear about its USD 9.6 billion offer, Bloomberg reported. The foundation said in particular that America Movil needs to tell KPN investors sooner whether it favours the sale of E-Plus to Telefonica. KPN, America Movil or Telefonica declined to comment on the matter. The board also said that the bid was not made in collaboration with KPN, another cause of concern to the foundation. The foundation can invoke an option to acquire voting stock if its board sees a threat to KPN, though it said it is not currently considering such

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Categories: General
Companies: America Movil / E-Plus / KPN / One.Vip / Telefonica
Countries: Mexico / Netherlands
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