VENTURE CAPITAL POST

Deutsche Telekom considered making a takeover bid for Dutch rival KPN in 2014, with a view to expanding in neighboring countries, sources familiar with the matter said.

The Chief Financial Officer of Mexico's America Movil (AMXL.MX) has reduced his personal stake in Dutch telecoms group KPN (KPN.AS), of which he is a supervisory board member, by more than a quarter, regulatory filings showed on Saturday.

America Movil's plan to acquire Royal KPN encountered price disagreements as KPN's management wanted a higher price for the offer, said sources.

KPN shareholders would meet to study American Movil's bid.

The deal where America Movil bids for KPN Foundation is unclear.

Arturo Elias, Carlos Slim's chief spokesman said America Movil had no intentions of raising its offered bid for the remaining stake of KPN.

The foundation of Royal KPN exercised its option to purchase preferred shares of the company to block America Movil's bid for majority ownership.

America Movil had announced today its support for the purchase of E-Plus, Telefonica's German unit.

Billionaire Carlos Slim's company America Movil said that it had gotten funds to finance the acquisition of KPN's German unit.

KPN said it had invited its shareholders to a meeting on October 2 to vote on the proposed sale of its German unit E-Plus to Telefonica.

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.

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.

Telefonica's merger with German KPN unit has posed a dilemma to the European Commission.

Telefonica revives talks with KPN to acquire E-Plus mobile business.