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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
12/01/201617:17:00América Móvil Informs about the Listing of Its ADSs Representing S...
11/17/201615:50:00Mexico Awards Wholesale Mobile Network License to Altá n Group
09/13/201614:56:00Citi Appointed Successor Depositary Bank for América Móvil S...
09/05/201622:20:00Brazil's Oi Files Recovery Plan to Exit Bankruptcy Protection
08/22/201607:56:00Brazil Mobile-Phone Subscriptions Drop in June on Poor Economy
07/28/201621:20:00Amé rica Mó vil's Net Profit Falls as Mexico Weighs on Earnings
06/22/201608:25:00Technology Sector Equities Coverage -- America Movil, Nielsen...
06/20/201620:40:00Telecom Oi Files Largest Bankruptcy Request in Brazil's History
05/06/201617:38:00Mexico's Top Broadcasters Forgo Airing Rio Olympics
03/30/201609:32:00TracFone® and Dress for Success® Partner for Second Year to E...
03/19/201603:02:00FCC Releases Wireless Bidder List
03/18/201618:00:00FCC Releases Bidder List for Wireless Auction
02/26/201614:10:00Mexico's Televisa Focuses 2016 Investment on Cable, Telecom
01/29/201616:10:00Mexico Launches Bidding for Shared Mobile Network
01/13/201605:57:00Brazil Mobile-Phone Subscriptions Down Again in November
12/21/201512:40:00Amé rica Mó vil Spinoff Telesites Gains in Market Debut

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