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Wireless

KPN to not sell E-Plus; America Movil increases stake

Thursday 21 June 2012 | 09:21 CET | News
KPN will not sell its German unit E-Plus for the moment. After an unwanted partial bid from America Movil, KPN said it would look at all options to increase shareholder value and interest. The operator said that it analysed one option specifically in depth, providing it with additional insights into the potential synergy value that could be created through in-country consolidation in Germany. However, the current adverse conditions in financial markets have meant that no agreement could be reached at this point in time, and talks have been terminated, KPN said.

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

Comments

The Euro economies crisis will result on still more cash-happy non-Euro telecoms looking to enter Europe, where the next upgrade (4G) hasn't taken root. Vodafone would be one. AT&T, which has done little outside USA, could possibly. Also Korea's SKTelecom.
Robber Baron @ 22/6/2012 - 02:40


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