KPN foundation had intervened to block the EUR7.2 billion America Movil-KPN deal to safeguard the group's stakeholders.
America Movil had announced today its support for the purchase of E-Plus, Telefonica's German unit.
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.
An independent foundation of KPN questioned billionaire Carlos Slim's motive for bidding for the remaining shares of the Dutch firm that he does not already own.
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.
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.
Smartphone app developer Shazam received US$40 million worth of investment from billionaire Carlos Slim.
Investors aren't so sure as to the direct outcome of Mexico's new law toward communication companies.
Carlos Slim pumps in more money into Dutch firm KPN.
Bids, mergers, acquisitions and disposals involving European, U.S., Canadian and Asian companies.