America Movil Extends European Push

Mexican billionaire Carlos Slim bought a 21% stake in Telekom Austria, hard on the heels of his bid for a major stake in Dutch phone company Royal KPN.

Topics:  carlos slim   telekom austria   dutch   royal kpn   stake   
  • America Movil second quarter profit jumps 32.7
    At the same time, the company is increasing its presence in the European market. Last week, America Movil announced a bigger stake at 50.8 percent to take majority control of Telekom Austria after a 1 billion buyout of minority shareholders.
    07/22/2014 - 5:46 am | View Link
  • Carlos Slim Buys Out AT&T’s Stake in America Movil for US$5.6 Billion
    Mexican billionaire Carlos Slim will buy out AT&T’s ... trailing Bill Gates. America Movil, based in Mexico City, operates in 18 countries in the Western hemisphere and holds stakes in European phone operators in the Netherlands and Austria.
    06/30/2014 - 6:18 am | View Link
  • Telefonica Share Price: America Movil Vows Support for German Deal
    Following Telefonica’s initial offer, America Movil has separately launched an offer of €2.40 a share for KPN’s shares it doesn’t already own in a move designed to boost its position on the European market. KPN has responded by saying that it will ...
    08/26/2013 - 11:30 pm | View Link
  • World’s Richest Man Faces Clampdown in Latin America
    Carlos Slim, the world’s richest person, is confronting a mounting backlash from the same Latin American ... grip of regulators extends to smaller countries. In September, El Salvadoran antitrust officials refused to let America Movil acquire a smaller ...
    12/4/2012 - 4:16 pm | View Link
  • America Movil's Q3 net sales rise 67% thanks to European expansion
    America Movil (NYSE: AMX) saw its European expansion efforts bear fruit in the third quarter as it reported a 67 percent increase in total sales from from MXN 18.3 billion (USD 1.4 billion) to MXN 30.6 billion (USD 2.4 billion), the product of a large ...
    10/28/2012 - 1:00 pm | View Link
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