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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
07/16/201521:00:17America Movil Profit Down 16%
07/16/201520:15:21America Movil's Second-Quarter Profit Down 16% on Flat Sales
07/02/201516:58:31Mexican Stocks End Higher, Peso Strengthens After U.S. Jobs Report
06/25/201519:10:22AT&T Plans $3 Billion Expansion in Mexico
06/25/201518:41:37AT&T Plans $3 Billion Expansion in Mexico
06/17/201507:24:14Brazil Mobile-Phone Subscriptions Rise at Lower Pace in April
06/15/201510:53:31Telekom Austria CEO Ametsreiter To Leave -- Update
06/15/201506:51:19Telekom Austria Chief Executive Ametsreiter To Leave
05/20/201519:01:29ADRs End Mixed; Bank Shares Rise
04/27/201510:13:39America Movil SAB de CV Price Target Cut to $20.00 (AMX)
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...
04/01/201511:32:33America Movil Prepares to Spin Off Cellular Towers
03/11/201507:16:06Carlos Slim to Retire From Philip Morris Board
03/09/201508:29:35Brazil Mobile-Phone Subscriptions Rise in January
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

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