Carlos Slim's America Movil (AMX) intends to make its first big push into Europe with a plan to...

|About: America Movil SA de CV (AMX)|By:, SA News Editor

Carlos Slim's America Movil (AMX) intends to make its first big push into Europe with a plan to increase its stake in KPN (KKPNY.PK) to 28% from 4.8%. America Movil is offering €8/share, which represents a premium of 23% to the Dutch telecom carrier's close yesterday of €6.48 and which would cost €2.64B.