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América Móvil backs KPN rights issue

20 February 2013

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América Móvil, KPN’s largest shareholder, has agreed to support the Dutch telco’s bid to raise €4 billion in equity capital.

The Latam telecoms group said it will approve the bid subject to the appointment of two individuals it designates to KPN’s supervisory board, among other conditions.

These will be put before a general meeting of shareholders...

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