Debt Concern Follows Latest AMX European Move

Aug 12, 2013

America Movil (AMX) has made a EUR7.2bn ($9.6bn) offer for the 70.2% of Royal KPN that it doesn’t own. The move is seen by analysts as an attempt to thwart Telefonica’s ambitions for KPN’s German operation, as well as requiring higher leverage for AMX. The bid comes weeks after the Dutch telecom agreed to sell its German E-Plus business to Spain’s Telefonica for EUR 5.0bn cash and a 17.6% stake in Telefonica Deutschland post-transaction. Many see AMX...

To continue reading please take a free trial, subscribe or login below.

Already have an account?


Subscribe now for unlimited access to all current and archive news, data and market analysis. 


Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial

Upcoming Events


Where will capital markets be busiest in 2017?