Deals
America Movil Discussed Cooperation With KPN Before Offer
This article is for subscribers only.
America Movil SAB executives, preparing for today’s tender offer to boost the company’s stake in Royal KPN NV, held talks as recently as last week on collaboration with managers at the former Dutch phone monopoly.
Top company officials discussed cooperation May 25 on buying handsets and other hardware and on The Hague-based KPN’s iBasis international long-distance unit, America Movil said in a filing. America Movil’s offer of 8 euros a share to expand its stake in KPN to as much as 28 percent ends June 27.