Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Mexican Stock Exchange  >  America Movil SAB de CV    AMX L   MXP001691213

AMERICA MOVIL SAB DE CV (AMX L)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

America Movil SAB de CV : America Movil Seeks To Raise Stake In Dutch Firm KPN

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/08/2012 | 04:47am CEST

-- America Movil offers EUR8/share to raise KPN stake to as much as 28%.

-- Says offer 23.5% above KPN's Monday closing price.

-- First significant investment in Europe for leading Latin America telecommunications company.

(Adds details and background throughout, America Movil's closing share price in the last paragraph.)

 
   By Anthony Harrup 
   Of  
 

Mexican telecommunications heavyweight America Movil SAB (AMX) said Monday it plans to raise its stake in Dutch telecommunications operator Koninklijke KPN NV, or Royal KPN (KPN), in what will be its first significant investment in Europe as it seeks increased geographic diversification.

In a filing with the Mexican stock exchange, America Movil said it will offer EUR8($10.44) per share in cash to raise its stake in KPN to as much as 28% from the current 4.8%.

America Movil, controlled by billionaire Carlos Slim, is Latin America's largest wireless service provider, with 246 million mobile subscribers in 18 countries.

The company said the offer price represents a premium of around 23.5% to KPN's Monday closing price. America Movil said it currently owns 68.3 million KPN shares, which would mean it could buy up to an additional 330 million shares valued at EUR2.64 billion.

KPN is a leading Dutch provider of fixed-line and wireless services, including phone, Internet and television. It has operations in the Netherlands, Belgium, Germany, France and Spain. The company reported 2011 sales of EUR13.2 billion.

America Movil reported sales last year of 665.2 billion Mexican pesos ($51 billion).

America Movil said it has been evaluating the expansion of its operations to other regions outside the Americas, since geographic diversification has given the company stability in its cash flow and profitability.

The offer would give it a significant stake in a company with a "relevant position in European markets," America Movil said, adding that it hopes to build and develop "a lasting relationship" with KPN management and shareholders.

The Mexican company said it would pay for the increased stake with existing cash.

America Movil L shares traded on the Mexican stock exchange closed 4.9% higher Monday at MXN18.66, leading a rally in the local market that carried the benchmark IPC index to a record-high close.

-By Anthony Harrup, Dow Jones Newswires; (5255) 5980 5176, [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AMERICA MOVIL SAB DE CV
05/08AMERICA MOVIL DE CV : Slim picks Volia as takeover target, sources say
AQ
05/01AMERICA MOVIL DE CV : A1 to connect 300,000 more homes to fibre network
AQ
05/01AMERICA MOVIL DE CV : Flytxt in pact for neon-dx
AQ
04/27AMERICA MOVIL DE CV : América Móvil Informs the Market
BU
04/27AMERICA MOVIL DE CV : América Móvil informs to the market
PU
04/26AMERICA MOVIL DE CV : Dubai AI tech firm Flytxt expands in Latin America
AQ
04/26TELEKOM AUSTRIA : A1 Telekom Austria Group posts 1.2% rise in Q1 revenue
AQ
04/25AMERICA MOVIL DE CV : Claro sales soar 31% in Argentina, Paraguay, Uruguay in Q1
AQ
04/24AMERICA MOVIL DE CV : América Móvil Returns to Profit in First Quarter
DJ
04/22AMERICA MOVIL DE CV : Informs to the Market
AQ
More news
News from SeekingAlpha
04/27Tracking Ken Fisher's Fisher Asset Management Portfolio - Q1 2018 Update 
04/25America Movil SAB de CV (AMX) Q1 2018 Results - Earnings Call Transcript 
04/25America Movil SA de CV reports Q1 results 
04/25America Movil SA de CV reports Q1 results 
04/24America Movil adds wireless subs, beats on revenue in mixed report 
Financials ( MXN)
Sales 2018 1 045 B
EBIT 2018 131 B
Net income 2018 63 707 M
Debt 2018 576 B
Yield 2018 1,98%
P/E ratio 2018 16,98
P/E ratio 2019 15,16
EV / Sales 2018 1,60x
EV / Sales 2019 1,55x
Capitalization 1 099 B
Chart AMERICA MOVIL SAB DE CV
Duration : Period :
America Movil SAB de CV Technical Analysis Chart | AMX L | MXP001691213 | 4-Traders
Technical analysis trends AMERICA MOVIL SAB DE CV
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Average target price 18,1  MXN
Spread / Average Target 14%
EPS Revisions
Managers
NameTitle
Daniel Hajj Aboumrad Chief Executive Officer & Director
Carlos Slim Domit Chairman
Angel Alija Guerrero Chief Wireless Operations Officer
Carlos José García Moreno Elizondo Chief Financial Officer
Luis Alejandro Soberón Kuri Director
Sector and Competitors
1st jan.Capitalization (M$)
AMERICA MOVIL SAB DE CV-3.60%55 440
AT&T-16.18%196 819
CHINA MOBILE LTD.-7.44%191 381
NTT DOCOMO INC4.57%96 253
SOFTBANK GROUP CORP-8.76%83 449
VODAFONE GROUP-16.90%69 447