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Mexico's América Móvil seeks to acquire rest of KPN

Friday, August 9, 2013

Mexico's América Móvil, billionaire Carlos Slim's telecoms company, made a $9 billion bid to acquire the rest of Dutch telecoms firm KPN it does not already own.

The offer challenges an $11 billion offer by Spain's Telefónica last month to acquire KPN's German subsidiary E-Plus.

E-Plus is Germany's third largest telecoms company, behind T-Mobile and Vodafone, with some 19 million subscribers.

Full story (in Spanish)