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KPN In Advanced Talks With Telefonica About E-Plus Sale-Report

AMSTERDAM -(Dow Jones)- Dutch telecoms company Royal KPN NV (KPN.AE) is in advanced talks with Spain's Telefonica SA (TEF) about the possible sale of its German mobile business, Dutch public broadcaster NOS reports Friday, without citing sources. KPN said earlier Friday it will review all options for E-Plus, aimed to unlock more superior value to the offer of EUR8 a share from Mexico's America Movil SAB de CV (AMX) on part of KPN's shares. America Movil launched a cash offer in a bid to raise its stake in the Dutch telecom company to 27.7% from 4.8%. KPN has deemed the offer as too low and since hired investment banks to review its strategic options. KPN and Telefonica weren't immediately available for comment. -By Robin van Daalen; Dow Jones Newswires; +31 20 571 52 01; robin.vandaalen@dowjones.com

Stock News for America Movil (AMX)
DateTimeHeadline
07/21/201418:03:34ADR Shares End Mixed; Philips Shares Trade Actively
07/14/201419:30:42America Movil Secures Majority Stake in Telekom Austria
07/09/201417:30:46ADR Shares End Higher; America Movil, Teva Shares Trade Actively
06/30/201417:04:08ADR Shares End Mixed; Philips, America Movil Trade Actively
06/27/201418:49:40Slim to Buy Back America Movil Stake from AT&T
06/27/201418:48:41Carlos Slim to Buy Back 8.3% America Movil Stake from AT&T
06/17/201406:22:21Telekom Austria's New Ownership Structure Approved by Regulator
06/11/201418:22:03Ecuador to Begin 4G Mobile Spectrum Talks With Private Operators
05/19/201410:47:33America Movil Shares Fall Sharply as AT&T to Sell Stake
05/15/201408:39:20America Movil Publishes Takeover Offer for Telekom Austria
05/13/201413:41:03Argentina Plans to Auction 4G, 3G Wireless Licenses
04/25/201407:17:59KPN Net Profit Down 98% -- Update
04/24/201407:55:12Brazilian Mobile Subscribers Up in March; Vivo and Tim Gain Share
04/23/201419:00:12America Movil to Make Bid for Telekom Austria -- Update
04/23/201418:10:30America Movil to Make Bid for Telekom Austria
04/23/201412:24:36Social Media Protests in Mexico Shape Telecom Bill
04/16/201417:10:07American Express Profit Rises on Higher Revenue
04/16/201416:40:51American Express Quarterly Profit Rises on Higher Revenue
04/01/201417:18:51ADR Shares End Higher; Anheuser-Busch InBev Shares Active
04/01/201400:00:47Regulators Cut América Móvil's Interconnection Rates

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