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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
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
03/28/201416:00:13214;IAG Cleared to Complete America Movil Deal
03/28/201415:46:15214;IAG Gets Go-Ahead to Complete Agreement With America Movil
03/24/201419:25:12Mexico's President Unveils Telecom Bill
03/21/201416:26:10American Express CEO Awarded $24.4 Million for 2013 -- Update
03/17/201417:41:09GE Consumer Finance Unit Faces Two Federal Probes
02/24/201417:20:37ADR Shares End Higher; HSBC Shares Active
02/24/201417:06:12Correction to America Movil May Hold Tie-Up Talks Story
02/24/201416:50:09America Movil May Hold Tie-Up Talks Over Telekom Austria
02/24/201416:27:58America Movial May Hold Tie-Up Talks Over Telekom Austria
02/13/201402:20:17Mexican Telecom Regulator Set Back by Court Ruling -- 3rd Update
02/13/201401:16:59Mexican Telecom Regulator Set Back by Court Ruling --Update
02/12/201418:18:38ADR Shares End Mixed; ING, Nokia Shares Active
02/12/201411:31:09America Movil Says KPN Stake Reduced for Financial Reasons
01/03/201408:48:37Brazil Stocks Open Higher, Led by TIM, Following Takeover Report
11/15/201308:22:25Janus Capital Management 3Q 13F: Largest Eliminations
11/15/201307:11:09AQR Capital Management 3Q 13F: Largest Purchases

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