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General

KPN to continue with E-Plus sale

Monday 12 August 2013 | 10:12 CET | News
KPN is not planning to halt or pause the sale of its German E-Plus unit to Telefonica, De Telegraaf reported. Mexico's America Movil, which made a bid last week for all KPN outstanding shares, was not in favour of the proposed sale. KPN announced the bid placed by Telefonica for E-Plus in July. The Spanish operator is offering EUR 5 billion in cash and a 17.6 percent stake in the combination of E-Plus and Telefonica unit O2, valued at around EUR 3 billion. KPN has scheduled a shareholders meeting in a few weeks to discuss the sale of its German unit.

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Categories: General
Companies: America Movil / E-Plus / KPN / O2
Countries: Germany / Netherlands
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