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America Movil ends co-operation with KPN, clearing way to raise stake in Dutch telecoms company
2013-07-29 12:30:05| Telecom - Topix.net
Royal KPN NV says America Movil has ended a co-operation agreement, a move that clears the way for the Mexican company to raise its stake in the Netherlands' largest telecom company.
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America Movil ends relationship agreement with KPN
2013-07-29 09:08:00| Telecompaper Headlines
(Telecompaper) Dutch operator KPN announced that it has been informed by its shareholder America Movil that it has terminated their relationship agreement signed in February with immediate effect. America Movil confirmed the decision in a statement, without providing further details. In addition to governance issues, the agreement included a standstill providing that AMX would not increase its shareholding to 30 percent of more, the trigger for a full takeover bid of KPN. AMX will continue to have two seats on KPN's supervisory board as long as it holds 20 percent in the Dutch company. The announcement follows reports that AMX is questioning KPN's planned sale of its German operator E-Plus, as the price may be too low. The Mexican company acquired its almost 30 eprcent stake inKPN ast year for around EUR 8 per share, but KPN's share price has since fallen to less than EUR 2.
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America Movil ends deal to cap KPN shareholding
2013-07-29 02:00:00| Total Telecom industry news
Dutch incumbent's E-Plus sale triggers clause allowing America Movil to end partnership agreement.
America Movil CEO still mulling whether to back KPN's E-Plus sale
2013-07-26 02:00:00| Total Telecom industry news
Daniel Hajj yet to see terms and conditions of proposed transaction.
America Movil invests USD 40 mln in Shazam
2013-07-08 07:00:00| Telecompaper Headlines
(Telecompaper) America Movil has invested USD 40 million in media engagement company Shazam. The companies have also formalized a strategic business collaboration for the Americas, Shazam said. The investment aims to boost Shazam's growth in music, expansion into television and the development of new products.
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