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America Movil (AMX -0.6%), which owns 28% of Dutch carrier KPN, joined Vodafone (VOD -0.8%) in...

America Movil (AMX -0.6%), which owns 28% of Dutch carrier KPN, joined Vodafone (VOD -0.8%) in finishing lower following news the Dutch government raised a hefty €3.8B ($5B) via 4G spectrum auctions. European carriers Telefonica (TEF -0.8%), Telecom Italia (TI -0.8%), and France Telecom (FTE -0.7%) were also off. Meanwhile, Vodafone has decided to pull out of an Australian 4G auction that's expected to raise AU$4B ($4.2B), stating it will instead rely on existing holdings to deploy 4G.
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