Mobile Communications International Issue 150 May 2008
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Latin American operator group América Móvil has abandoned its attempt to acquire Dutch operator KPN. The Mexican group said the blocking move made by the KPN Foundation in August had left it unable to “fulfil its aim” with the deal.
Shareholders in Dutch operator group KPN have approved the sale of German subsidiary E-Plus to Telefónica Deutschland at an extraordinary general meeting.
Dutch operator group KPN has announced it is expecting to make a loss of €3.7bn that it can deduct against taxes as a result of the sale of its German subsidiary E-Plus to Telefonica Deutschland.
Dutch operator group KPN’s chief financial officer Eric Hageman has stepped down from his role, citing personal circumstances. His resignation comes as Latin American group America Movil attempts a full takeover of KPN; a deal that has met with a number of challenges.