America Movil (AMX) officially launches its offer to buy a stake in KPN (KKPNY.PK), with the...

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

America Movil (AMX) officially launches its offer to buy a stake in KPN (KKPNY.PK), with the Mexican cell phone carrier looking to increase its holding to 27.7% from 4.8%. KPN has said that America Movil's (AMX) €8/share bid substantially undervalues the company.