America Movil cuts stake in KPN to 16 percent

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)