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KPN still needs America Movil to approve E-Plus sale

Wednesday 24 July 2013 | 11:17 CET | News
KPN shareholder America Movil (AMX) still has to give its approval to the sale of KPN's German mobile unit E-Plus to Telefonica for EUR 8.1 billion, the Financial Times reported. Two KPN directors appointed by AMX, controlled by Carlos Slim, did not vote in favour of the deal, according to people close to the situation. Backing from the remaining six directors was enough to secure board approval for the deal. It was not clear whether the two directors abstained or voted against the deal but they did attend the board meeting, one of the people said. KPN has not disclosed how its board

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Categories: General / Mobile & Wireless
Companies: America Movil / E-Plus / KPN
Countries: Germany / Netherlands
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