América Móvil, the Mexican mobile operator owned by the billionaire Carlos Slim Helú, extended its foothold in Europe after paying 1.27 billion euros, or $1.59 billion, to increase its stake in the Dutch telecommunications company KPN to 20.9 percent. The move, announced late on Thursday, comes as KPN is losing the battle to keep América Móvil from increasing its ownership in the European company.
More:
http://dealbook.nytimes.com/2012/06/22/america-movil-spends-1-59-billion-to-lift-stake-in-kpn/
and:
America Movil SAB (AMXL) agreed to buy a 21 percent stake in Telekom Austria AG (TKA) from investor Ronny Pecik, deepening Mexican billionaire Carlos Slim’s foray into Europe.
http://www.bloomberg.com/news/2012-06-15/america-movil-agrees-to-acquire-21-in-telekom-austria.html
Previously:
Dutch Telecom Operator KPN Ready For Fight Against America Movil’s Carlos Slim
http://vrritti.com/2012/05/31/dutch-telecom-operator-kpn-ready-for-fight-against-america-movils-carlos-slim/
