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KPN shareholders approve sale of E-Plus to Telefonica Deutschland

2013-10-02 02:00:00| Total Telecom industry news

Takeover deal still requires approval of European competition authorities.

Tags: sale deutschland approve shareholders

 

KPN pushes for higher bid from America Movil - report

2013-10-01 09:38:00| Telecompaper Headlines

(Telecompaper) KPN is pushing for a higher takeover bid from America Movil, people with knowledge of the negotiations told Bloomberg. The Dutch operator wants a higher offer than the EUR 2.40 a share indicated by America Movil, arguing that a tax offset from the sale of its German unit makes the company more valuable. The tax benefit should increase the price to around EUR 2.65 per share, KPN said. However, America Movil is pointing to the weaker prospects in the Dutch mobile market, amid the entry of new players such as Ziggo and Tele2, to justify the lower price. America Movil is also having trouble winning over KPN's largest shareholder, the independent foundation with just under 50 percent in the company, Bloomberg's sources said. The two sides are also still trying to resolve questions over job protections and investment plans. KPN shareholders are scheduled to vote on the sale of German unit E-Plus to Telefonica on 02 October.

Tags: report america higher bid

 
 

America Movil delays KPN bid until October

2013-09-30 08:38:00| Telecompaper Headlines

(Telecompaper) America Movil said it does not expect to launch its public bid for KPN until October. The offer of EUR 2.40 per share was previously expected in September, but America Movil is still in talks with KPN and the Dutch operator's stakeholders about the terms of the deal. America Movil said it's making "good progress" towards finalizing preparations for the bid and expects to publish the offer memorandum in the course of October. The company said it was still considering its options in relation to the move last month by the Stichting Preferente Aandelen B KPN, a private foundation set up to protect KPN's interests, to take a blocking stake in the company. America Movil said that it still could withdraw its intended offer or not declare the offer unconditional, if the foundation retains its right to acquire or vote the preference shares.

Tags: october america bid delays

 

America Movil moves KPN buyout offer to October

2013-09-30 02:00:00| Total Telecom industry news

Mexican phone giant still in talks with stakeholder group that claims its takeover is hostile.

Tags: october offer america moves

 

KPN Agrees to $4.9 Billion Tax-Book Loss on German Unit Sale

2013-09-16 12:50:30| Telecom - Topix.net

Royal KPN NV, the Dutch phone company expecting a takeover bid from America Movil SAB, said a planned sale of its German wireless business will allow it to pay less in taxes on future earnings.

Tags: sale loss unit german

 

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