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Thursday, April 25, 9:47 AM Telefonica (TEF -0.3%) is thinking of selling its German wireline ops, Bloomberg reports. One source adds Telefonica, which has been eying asset sales to pare its debt load, is open to sharing its mobile network with a rival or merging the business with KPN's (KKPNY.PK) E-Plus unit. Vodafone (VOD), which seems intent on growing its German wireline presence, is a logical buyer for the wireline business, which claims 2.4M broadband subs and has an estimated value of €2B ($2.6B). Liberty Global (LBTYA), reportedly eying Kabel Deutschland, is another possibility. Comment! [Tech, M&A]
Monday, December 17, 2012, 6:37 AM Vodafone (VOD) shares sink 2.9% in London after the company agreed to pay €1.4B for Dutch 4G spectrum in an auction that raised €3.8B in total from KPN, T-Mobile and Tele2, as well as from Vodafone. Investors are concerned about the amount operators are going to have to shell out in auctions across Europe, although cash-strapped governments are probably delighted. 1 Comment [Tech, Consumer, On the Move]
Wednesday, June 27, 2012, 3:44 PM Carlos Slim's American Movil (AMX +1.4%) does an end-around management at KPN (KKPNY.PK) to take effective control of the company, acquiring 27.7% in a tender offer. U.S. investor Capital Research and Management appears to be the strength behind the move, reducing its exposure in KPN to 6.79% from 15.11%. The stake puts AMX just below the 30% threshold which requires a bidder for a Dutch firm to buy the whole company. Comment! [Global & FX, M&A]
Thursday, June 21, 2012, 1:54 PM 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) 2 Comments [M&A, Tech]
Thursday, June 14, 2012, 3:44 AM America Movil (AMX) said yesterday it boosted its stake in Dutch telecom KPN (KKPNY.PK) to 8.12%, the third such increase this week. 2 Comments [Tech]
Tuesday, June 12, 2012, 11:48 AM 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." 1 Comment [M&A]
Tuesday, June 12, 2012, 11:40 AM Carlos Slim's America Movil (AMXL +2.6%) ups the ante with KPN (KKPNY.PK), increasing its stake to 7.3% from 5.01% after paying €7.8 a pop for 6M shares. That's below the €8 proposal in the Mexican telecom carrier's tender offer to KPN shareholders in which it wants to raise its holding to 27.7%. Comment! [Tech, M&A]
Tuesday, May 29, 2012, 11:55 AM 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. Comment! [Tech, M&A]
Wednesday, May 16, 2012, 3:52 AM Morgan Stanley (MS) cuts its stake in KPN to 4.93% from 10.01%, according to Dutch regulatory filings, as Carlos Slim targets the Dutch telecoms group as a long-term investment. Comment! [Tech]
Thursday, May 10, 2012, 6:51 AM Morgan Stanley (MS) steps out as a large stakeholder in KPN (KKPNY.PK) after a regulatory filing with Dutch regulator AFM tips off a 10.01% ownership stake. The firm made its move just three days before America Movil's (AMX) €8/share offer for the telecom company. 1 Comment [Global & FX, M&A]
Wednesday, May 9, 2012, 3:09 AM KPN (KKPNY.PK) rebuffs America Movil's (AMX) offer to raise its stake in the Dutch telecom, saying the €8/share bid substantially undervalues the company. KPN's pink sheets closed +16.5% yesterday; AMX closed -9.6%. (previously) Comment! [Tech, M&A]
Tuesday, May 8, 2012, 2:46 AM 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.
4 Comments [M&A, Top Stories, Tech]
Friday, April 27, 2012, 11:25 AM A check of fund flows in Europe shows the first positive money going into telecoms in 2 years, notes the team at HSBC, which also notes international funds remain underweight the sector. Not surprisingly, what money is flowing is going into northern Europe, but the Club Med states are catching up. Some telecom picks. 2 Comments [Global & FX]

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