Carlos Slim's America Movil (AMX -1.5%) has increased its stake in KPN (KKPNY.PK) to 20.92%,...

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

Carlos Slim's America Movil (AMX -1.5%) has increased its stake in KPN (KKPNY.PK) to 20.92%, marking significant progress in its bid to raise its holding to 27.7% from 4.8% at the end of May. KPN's efforts to block Slim have looked doomed after it was unable to find a buyer or partner for its German E-Plus unit. (previous)