LatAm telecoms giant America Movil (AM, controlled by the Mexican tycoon Carlos Slim, has revealed plans to acquire up to 28% of the Netherlands’ leading carrier by revenues KPN Telecom (or Royal KPN as it is also known). In what would be the Mexican group’s biggest foray into Europe to date, Reuters notes that Slim is considering a deal worth up to USD3.45 billion to up its stake in the Dutch carrier. AM already owns 4.8% of KPN’s stock but has announced plans to table a cash offer worth EUR8 (USD10.4) per share to increase its equity holding to 28%
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OVETEL AM looking for 28% stake in KPN
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