AMSTERDAM (Reuters) – Mexican telecommunications company America Movil has cut its stake in Dutch telecoms company KPN to slightly more than 16 percent, a filing at financial watchdog AFM showed.
The logo of America Movill is seen on the wall at the company’s corporate offices in Mexico City, Mexico March 14, 2018. REUTERS/Carlos Jasso
Movil, controlled by tycoon Carlos Slim, had previously reported a stake of 21.4 percent.
Movil tried to buy KPN in 2013 but gave up attempts after being stymied by KPN’s poison pill measures.
Reporting by Toby Sterling; editing by Jason Neely