America Movil drops multi billion euro offer for Dutch KPN

GMT 17:30 2013 Wednesday ,16 October

Arab Today, arab today America Movil drops multi billion euro offer for Dutch KPN

Arab Today

America Movil of Mexico, controlled by the world's richest man Carlos Slim, said Wednesday it was dropping a multi-billion-euro bid for Netherlands operator KPN after a Dutch foundation blocked the takeover. "America Movil will not launch the intended offer," the company said in a statement.

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