Debt Concern Follows Latest AMX European Move

Debt Concern Follows Latest AMX European Move

Mexico Europe M&A

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 attempting to make Telefonica pay a higher pr

Already have an account?

Free trial

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

Free Trial