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20 February 2013
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
US carrier Verizon has distanced itself from rumours that it is interested in acquiring América Móvil assets in Mexico.
China Mobile and KPN Netherlands have collaborated with Huawei to demonstrate what is claimed to be the industry’s first international IP multimedia subsystem (IMS)-based VoLTE roaming call between Europe and Asia.
Mexico’s América Móvil is planning to complete the merger of its Brazilian businesses by early December.
América Móvil is still analysing a potential asset sale in Mexico after vowing to divest some of its interests in the country to comply with new regulations.
América Móvil has hired Bank of America to sell a portion of its Mexican assets, as it attempts to comply with new regulations.
The Mexican government finalised its revolutionary telecoms reforms in mid-July, and the overhaul is expected to put an end to América Móvil’s dominant position in the market.