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America Movil Launches Offer To Raise Stake In Royal KPN

MEXICO CITY -(Dow Jones)- Mexican telecommunications company America Movil SAB (AMX, AMX.MX) said Tuesday it's offering to raise its stake in Dutch phone company Royal KPN NV (KKPNY, KPN.AE) to as much as 27.7% for 8 euros ($9.98) per share. America Movil, controlled by billionaire Carlos Slim, said the offer is for up to 325 million KPN shares, which would bring its total holding in the Dutch company to 393.3 million shares. America Movil currently has a roughly 4.8% stake in KPN. America Movil said KPN shareholders can submit shares under the offer starting Wednesday at 9 a.m. central European summer time and ending June 27 at 5:50 p.m. CEST. The offer marks the first major investment in Europe for America Movil, which is the largest mobile service provider in Latin America. -By Anthony Harrup, Dow Jones Newswires; (5255) 5980-5176, anthony.harrup@dowjones.com

Stock News for America Movil (AMX)
DateTimeHeadline
04/24/201507:21:20Brazil Mobile-Phone Subscriptions Rise at Lower Pace in February
04/22/201503:35:10Telekom Austria Profit Boosted by Cost-Cutting, Broadband and...
04/17/201518:23:10América Móvil Clears Way for Wireless-Towers Spinoff
04/07/201508:00:00Asurion Expands into Latin America with America Movil
04/02/201508:00:00TracFone® and Dress for Success® Team Up to Empower Women Through N...
04/01/201521:43:16America Movil floats spinoff of towers business into listed company
04/01/201511:32:33America Movil Prepares to Spin Off Cellular Towers
03/27/201518:03:54Slim's America Movil might not face tough penalties if it doesn't...
03/19/201507:56:25America Movil, Axtel settle disputes
03/18/201507:51:47America Movil to increase share buyback funds
03/11/201507:16:06Carlos Slim to Retire From Philip Morris Board
03/11/201501:06:33Time To Look At Emerging Markets Again
03/09/201508:29:35Brazil Mobile-Phone Subscriptions Rise in January
03/03/201506:54:24Bank Of America Is A Concern - Cramer's Lightning Round (3/2/15)
02/24/201512:52:41Mexico's 2014 Foreign Direct Investment $22.6 Billion
02/18/201517:20:53Ecuador Signs 4G Contracts With America Movil, Telefónica
02/12/201503:29:50ADR Shares Mixed; ARM Holdings Shares Rise
02/10/201521:10:14America Movil's Fourth-Quarter Net Profit Falls
02/10/201520:11:15Telekom Austria Swings to Loss for 2014
02/02/201507:25:53Brazil Mobile-Phone Subscriptions Increase in 2014

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