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   
  • Jeff Auxier Q3 Commentary: Buying Europe on the Cheap
    The Fund’s record extends back to 1999 and includes two 40% market declines ... by paying just ten times earnings for his out of favor America Movil (based in Mexico but also a major player in Europe). This management team is relentless on operating ...
    10/30/2013 - 5:33 pm | View Link
  • Europe stocks close narrowly higher after debt deal
    European equities closed narrowly higher on Thursday ... Shares in KPN closed around 7.9 percent lower after Mexico's America Movil dropped plans to boost its stake in the Dutch telecom, and said it was undecided whether to retain its current stake.
    10/17/2013 - 6:05 am | View Link
  • S&P 500 Extends Worst Month Since May 2012
    European oil producers helped lead losses in the Stoxx 600 as BP Plc, Royal Dutch Shell Plc and Total SA fell at least 1 percent. Royal KPN NV slid 3.4 percent after America Movil SAB said it may withdraw its bid for the Dutch phone company. Late yesterday ...
    08/30/2013 - 2:07 pm | View Link
  • S&P 500 extends worst month since May 2012 while oil retreats
    European oil producers led losses in the Stoxx 600 as BP Plc, Royal Dutch Shell Plc and Total SA lost at least 0.9%. Royal KPN NV slid 6.4% after America Movil SAB said it may withdraw its bid for the Dutch phone company. Late yesterday, KPN’s foundation ...
    08/29/2013 - 1:00 pm | View Link
  • Why Bill Gates and Carlos Slim Are Getting Richer, and Why You Should Care
    For example, the company recently revealed its Illumiroom system (not included in the Xbox One), which extends ... of America Movil’s geographic diversification strategy, which has seen it attempt to purchase controlling interests in several European ...
    05/22/2013 - 1:00 pm | View Link
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  • Majority Takeover of Telekom Austria AG by America Movil ...
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