Although the markets disapprove of America Movil's (AMX) foray into Europe with KPN (KKPNY.PK),...

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

Although the markets disapprove of America Movil's (AMX) foray into Europe with KPN (KKPNY.PK), Emerging Money says the "markets are wrong." EU telcos will probably make profits regardless of the economic situation, which has caused KPN's shares to become "artificially low." Scooping them up "should be a good long-term strategic move for America Movil."