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, anthony.harrup@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AMERICA MOVIL SAB DE CV
03/29 AMERICA MOVIL DE CV : América Móvil announces proposals to pay a dividend, chang..
03/27 AMERICA MOVIL DE CV : A1 and Nokia demo speeds of 11Gbps over copper lines
03/09 Antitrust rules batter America Movil as uncertainty bites
03/09DJAMERICA MOVIL DE CV : Mexico's Televisa Faces More Regulations in Broadcast Tele..
03/09 AMERICA MOVIL DE CV : ¿Qué medidas deben cumplir América Móvil y Televisa?
03/09 CARLOS SLIM : Mexico cranks up antitrust rules against Slim's America Movil
03/09DJCarlos Slim's Phone Companies to Face Tougher Regulation in Mexico
03/09 AMERICA MOVIL DE CV : América Móvil informs about a resolution of the Instituto ..
02/23 AMERICA MOVIL DE CV : Carlos slim lanzará un nuevo canal en estados unidos para ..
02/23 AMERICA MOVIL DE CV : Chivas contra Toluca será gratis, tras falla de Claro Vide..
More news
Sector news : Wireless Telecommunications Services - NEC
03/29 British business navigates rocky path to Brexit
03/28 Ericsson's provisions raise concern over health of business
03/28 Ericsson's provisions raise concern over health of business
03/27DJForeign Investors Flock to Iran as U.S. Firms Watch on the Sidelines -- Updat..
03/27DJForeign Investors Flock to Iran as U.S. Firms Watch on the Sidelines
More sector news : Wireless Telecommunications Services - NEC
News from SeekingAlpha
03/09 America Movil facing 65-day deadline on fixed-line company split
03/09 WALL STREET BREAKFAST : ECB Meeting Takes Center Stage
03/09 Mexico cracks down on America Movil
03/01 WALL STREET BREAKFAST : Snap Pricing On Stage Tonight
03/01 America Movil may have to separate fixed unit
Advertisement
Financials ( MXN)
Sales 2017 1 057 605 M
EBIT 2017 153 221 M
Net income 2017 53 947 M
Debt 2017 643 541 M
Yield 2017 2,11%
P/E ratio 2017 16,94
P/E ratio 2018 14,68
EV / Sales 2017 1,45x
EV / Sales 2018 1,40x
Capitalization 893 879 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
TrendsBullishNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 13,5  MXN
Spread / Average Target -1,4%
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..2.23%46 964
AT&T INC.-2.28%255 740
CHINA MOBILE LTD.5.37%228 071
NTT DOCOMO INC-0.32%96 310
SOFTBANK GROUP CORP3.54%78 539
KDDI CORP1.40%71 099
More Results