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  >  BOLSA MEXICANA DE VALORES (MEXICAN STOCK EXCHANGE)  >  America Movil SAB de CV    AMX L   MXP001691213

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector 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
06/16 TELEKOM AUSTRIA : VIPnet unhappy with Optima and H1 merger
06/14 TELEKOM AUSTRIA : VIP Mobile earmarks EUR30m for 4G expansion in 2017
05/31 TELEKOM AUSTRIA : A1 Slovenia achieves 878Mbps speeds in 1800MHz, 2600MHz trial
05/23 AMERICA MOVIL SAB DE CV (ADR) (NYSE : AMX) Rolls Out 4.5G Network In Mexico
05/19 AMERICA MOVIL DE CV : to deploy 4.5G in Mexico by year-end
05/05 AMERICA MOVIL DE CV : América Móvil informs about acquisition of spectrum in Mex..
05/03 TELENOR : VIP discontinue services in Kosovo
04/26DJAmérica Móvil Says Wireless Price War Has Eased
04/26 AMERICA MOVIL DE CV : net income boosted by forex gains
04/26 AMERICA MOVIL DE CV : Se hunde el peso por plan fiscal y Tlcan; dólar cierra en ..
More news
Sector news : Wireless Telecommunications Services - NEC
03:25a SPRINT IN EXCLUSIVE TALKS WITH CHART : Wsj
03:25a SPRINT IN EXCLUSIVE TALKS WITH CHART : Wsj
02:57aDJSprint Enters Into Exclusive Talks With Charter, Comcast On Wireless Deal
06/26 Kinnevik appoints Georgi Ganev as CEO
06/26 SKY NETWORK TELEVISION : and Vodafone NZ walk away from sales deal, drop court a..
More sector news : Wireless Telecommunications Services - NEC
News from SeekingAlpha
06/20 America Movil awaits high-stakes court ruling on reforms
06/05 REPORT : Telefonica pondering sale of Mexico unit
05/26 REUTERS : Slim looking to sell minority stake in tower spin-off
04/30 America Movil's (AMX) CEO Daniel Hajj Aboumrad on Q1 2017 Results - Earnings ..
04/26 America Movil submits plan to shed fixed-line unit Telmex
Advertisement
Financials ( MXN)
Sales 2017 1 042 399 M
EBIT 2017 155 138 M
Net income 2017 54 013 M
Debt 2017 505 765 M
Yield 2017 2,02%
P/E ratio 2017 16,45
P/E ratio 2018 16,06
EV / Sales 2017 1,39x
EV / Sales 2018 1,26x
Capitalization 947 388 M
More Financials
Chart AMERICA MOVIL SAB DE CV
Duration : Period :
America Movil SAB de CV Technical Analysis Chart | AMX L | MXP001691213 | 4-Traders
Full-screen chart
Technical analysis trends AMERICA MOVIL SAB...
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 14,4  MXN
Spread / Average Target 0,91%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Daniel Hajj Aboumrad Chief Executive Officer & Director
Carlos Slim Domit Chairman
Óscar von Hauske Solís Chief Fixed-Line Operations Officer & Director
Angel Alija Guerrero Chief Wireless Operations Officer
Carlos José García Moreno Elizondo Chief Financial Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
AMERICA MOVIL SAB DE C..9.75%52 647
AT&T-10.77%233 317
CHINA MOBILE LTD.1.40%218 914
NTT DOCOMO INC2.97%96 367
SOFTBANK GROUP CORP19.32%91 289
VODAFONE GROUP11.93%75 749
More Results