Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  BOLSA MEXICANA DE VALORES (MEXICAN STOCK EXCHANGE)  >  America Movil SAB de CV    AMX L   MXP001691213

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
05/08/2012 | 04:47am CET

-- 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 

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
02/03 AMERICA MOVIL DE CV : 2016 revenues up 9.1%; net profit plummets 75.3% after poo..
02/03DJAMERICA MOVIL DE CV : América Móvil Swings to Fourth-Quarter Loss -- Update
02/03DJAMERICA MOVIL DE CV : América Móvil Swings to Fourth-Quarter Loss
02/01 TELEKOM AUSTRIA : posts 5.2% rise in FY net profit
02/01 TELEKOM AUSTRIA : Vipnet's first revenue growth since 2008, growth of 8.6%
01/30 TELEKOM AUSTRIA : VIPnet’s Metronet move gets green light
01/23 velcom, the Belarussian subsidiary of Telekom Austria Group, and Network Solu..
01/19 ZTE Helps Velcom Build Fully Virtualized Core
01/16 Who are the 8 richest people in the world? All men, mostly Americans
01/16 Who are the 8 richest people? All men, mostly Americans
More news
Sector news : Wireless Telecommunications Services - NEC
01:42a SoftBank shares up; sources say company willing to cede control of Sprint
01:03a Spark asks court to suspend Sky takeover of Vodafone NZ
02/16DJAT&T : to Sell Unlimited Wireless Data Plan Without Pay TV -- Update
02/16DJAT&T : to Sell Unlimited Wireless Data Plan Without Pay TV
02/16DJVERIZON COMMUNICATIONS : Correction to Verizon Phone-Plan Article on Tuesday
More sector news : Wireless Telecommunications Services - NEC
News from SeekingAlpha
02/07 VODAFONE : Buy It For The Dividend
02/07 Barclays sees silver lining at America Movil despite earnings stumble
02/03 America Movil -1.8% after biggest loss in 15 years
02/03 America Movil SA de CV reports Q4 results
01/30 Telekom Austria earnings in line despite drop
Financials ( MXN)
Sales 2017 1 051 331 M
EBIT 2017 122 320 M
Net income 2017 52 808 M
Debt 2017 634 312 M
Yield 2017 2,31%
P/E ratio 2017 16,54
P/E ratio 2018 14,87
EV / Sales 2017 1,42x
EV / Sales 2018 1,37x
Capitalization 854 546 M
More Financials
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
Technical analysis
Income Statement Evolution
More Financials
Mean consensus HOLD
Number of Analysts 14
Average target price 13,7  MXN
Spread / Average Target 5,3%
Consensus details
EPS Revisions
More Estimates Revisions
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$)
AT&T INC.-2.47%254 729
CHINA MOBILE LTD.5.61%228 114
NTT DOCOMO INC0.77%94 002
KDDI CORP-0.98%68 031
More Results