America Movil Said to Prepare Official KPN Offer for Next Week

America Movil Said to Prepare Official KPN Offer for Next Week

Jasper Juinen/Bloomberg

To win KPN’s favor, America Movil SAB set aside its rivalry with Telefonica SA, agreeing to support the Dutch company’s sale of its German unit to the Madrid-based carrier. America Movil even won KPN a higher price from Telefonica in direct negotiations, bringing the offer to 8.55 billion euros from 8.1 billion euros.