Wireless service provider America Movil planning takeover of KPN

MEXICO CITY/ BRUSSELS – Mexican billionaire Carlos Slim’s America Movil, leading wireless services provider in Latin America, Friday announced plans to fully takeover Dutch telecoms group KPN by making a 7.2 billion euro ($9.6 billion) bid for the shares it does not already own in the company. The takeover move follows an $11billion bid last month by Sain’s Telefonica for KPN’s prized …

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