America Movil had announced today its support for the purchase of E-Plus, Telefonica's German unit.
America Movil
Breaking News
Carlos Slim gives support to Telefonica's buyout of Royal KPN NV.
Billionaire Carlos Slim's company America Movil said that it had gotten funds to finance the acquisition of KPN's German unit.
America Movil offered to buy KPN's E-Plus for EUR 7.2 billion or USD 9.6 billion, a move that rivaled Spain Telefonica's bid made last month.
America Movil' Carlos Slim was entitled to end the company's shareholdings in the Dutch telecoms firm KPN and was said to look into purchasing the company as a whole.
Carlos Slim Helu invested US$40 million in a mobile audio app company to compete against Apple's Siri and Google voice search.
Due to Carlos Slim's mega investment, analysts believe that app developer Shazam will gain access to millions of Latin American customers.
Shazam announced that they were able to secure a US$40 million funding from America Mobil
AT&T announces selling 7% of its holdings in the Latin American telecommunication firm, America Movil.
Carlos Slim pumps in more money into Dutch firm KPN.
Subscribe to VCpost newsletter
Most Popular
- Oil Prices Drop Below $80 After US Oil and Petroleum Reserve Reach Highest Level
- McDonald's and Other Corporations Warn That US Inflation Is Already Felt as Customers Spend Less
- SSI Payment: Double Social Security Benefits in May? Here’s When You Will Receive Yours!
- Supreme Court Hints at Granting Trump Criminal Immunity, Jan 6 Trial Delay Looms
- Australian Driver Collapsed to Floor After Receiving Massive Fine Over Mobile Detection Showing Him Using Cellphone While Driving
- Trump Justifies Earning Millions from Foreign Governments During Presidency
- Businessman Who Shot His Wife to Death Thinking She Was an Intruder Gets Only 12 Years in Prison
- Tyson Foods Found Dumping Million Pounds of Toxic Pollutants into US Waterways
