America Movil OK with Rival’s Improved German Offer

America Movil OK with Rival’s Improved German Offer

Mexico Europe M&A

America Movil (AMX) has given its approval for Telefonica to buy the E-Plus unit of KPN, for EUR8.55bn ($9.65bn), it says. Telefonica’s offer was improved Monday from EUR8.10bn. AMX owns 29.7% of KPN and is preparing a EUR 7.2bn tender for the remain

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