Business Standard

America Movil cuts stake in KPN to 16 percent

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Reuters AMSTERDAM

AMSTERDAM (Reuters) - Mexican telecommunications company America Movil has cut its stake in Dutch telecoms company KPN to slightly more than 16 percent, a filing at financial watchdog AFM showed.

Movil, controlled by tycoon Carlos Slim, had previously reported a stake of 21.4 percent.

Movil tried to buy KPN in 2013 but gave up attempts after being stymied by KPN's poison pill measures.

(Reporting by Toby Sterling; editing by Jason Neely)

Disclaimer: No Business Standard Journalist was involved in creation of this content

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First Published: Sep 14 2018 | 12:16 PM IST

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