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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
12/15/201413:16:41Oi CEO Says Company Better Positioned for Brazilian Consolidation
12/09/201418:13:08ADR Shares End Lower; America Movil Shares Trade Actively
11/25/201418:55:04Telefónica Works to Redraw Its Empire
10/23/201402:15:06Telekom Austria 3Q Net Profit Surges to EUR127.8 Million
10/20/201421:10:46America Movil Raises Stake in Telekom Austria
10/20/201419:09:21America Movil Raises Stake in Telekom Austria to 59.7%
09/30/201418:03:23ADR Shares End Lower; America Movil, HSBC Shares Trade Actively
09/30/201412:43:05Brazil's Government Raises Less Than Expected From Auction of...
09/23/201417:53:43Brazil's Oi Won't Participate in Country's Airwave Auction
09/16/201418:21:44ADR Shares End Higher; Petrobras Shares Trade Actively
09/10/201421:10:23Ricardo Salinas to Buy Televisa's Stake in Iusacell
08/21/201407:32:00Brazilian Court Gives Green Light to Airwaves Auction Process
08/19/201408:25:49Telecommunication-Tower Operator T4U Plans IPO in Brazil
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

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