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   
  • Shares of Slim's America Movil tumble on weak earnings
    Cash-rich America Movil has gained a reputation for aggressive acquisitions and it snapped up large stakes in two European phone companies last year. However, those investments have cost Slim dearly and America Movil executives said they are not ...
    02/13/2013 - 8:50 am | View Link
  • America Movil Q2 profit hit by forex losses
    The minority stakes in the European companies are part of plans by Mr. Slim to test the waters in Europe after America Movil has exhausted possibilities for mergers and acquisitions in Latin America. Company officials have said Latin America will continue ...
    07/26/2012 - 11:46 am | View Link
  • America Movil Extends European Push
    Mexican billionaire Carlos Slim on Friday bought a 21% stake in Telekom Austria AG, hard on the heels of his 2.6 billion euro ($3.28 billion) bid for a 27.7% stake in Dutch phone company Royal KPN NV, showing his push into Europe isn't confined to one region.
    06/15/2012 - 4:05 am | View Link
  • America Movil seeks to raise stake in KPN
    The offer for Royal KPN shares was viewed as a first step by Slim to grab up companies weakened by Europe's financial crisis, while also allowing it to take on long-time Spanish rival Telefonica SA (NYSE:TEF) in its European backyard. America Movil and ...
    05/29/2012 - 10:43 am | View Link
  • America Movil sets sights on Europe with KPN bid
    “America Movil has been struggling to increase the value of its customers and this acquisition is motivated by bringing innovation and knowledge from a European operator such as KPN. It could also improve their financial figures, as EBITDA margins are ...
    05/7/2012 - 1:00 pm | View Link
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