America Movil cuts stake in KPN to 16 percent

Image
Reuters AMSTERDAM
Last Updated : Sep 14 2018 | 12:25 PM IST

AMSTERDAM (Reuters) - Mexican telecommunications company America Movil has cut its stake in Dutch telecoms company KPN to slightly more than 16 percent, a filing at financial watchdog AFM showed.

Movil, controlled by tycoon Carlos Slim, had previously reported a stake of 21.4 percent.

Movil tried to buy KPN in 2013 but gave up attempts after being stymied by KPN's poison pill measures.

(Reporting by Toby Sterling; editing by Jason Neely)

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Sep 14 2018 | 12:16 PM IST

Next Story