Deals
America Movil Secures Funding for $9.7 Billion KPN Bid
This article is for subscribers only.
America Movil SAB said it has secured the funding to finance its 7.2 billion-euro ($9.7 billion) bid for Royal KPN NV as the Dutch carrier set an investor vote on a sale of its German business E-Plus.
Carlos Slim’s America Movil has agreed to binding credit facilities, subject to conditions, with undisclosed financial institutions, the Mexico City-based company said in a statement today. The phone company will also today submit an offer to Dutch financial authorities for approval.