mexico City 07 04, 2012, 09:30 IST
Mexican tycoon Carlos Slim said on Tuesday he has no immediate plans for further telecommunications purchases in Europe after buying into Dutch firm KPN and Telekom Austria .
Asked if he was looking to expand further in Europe after the two recent deals, Slim said: "No, no. We're not looking for nothing now. We are going to consolidate what we've got."
Slim's America Movil , which is present in roughly a dozen Latin American countries, is establishing a beachhead in Europe where a combination of tough competition, regulatory pressure and recession in many markets has beaten down some company valuations to near decade lows.
Slim recently increased his stake in KPN to 27.7 percent and bought a 23 percent holding in Austria Telekom, his biggest foray yet into the European market.
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