Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Mexico
  4. Mexican Stock Exchange
  5. América Móvil, S.A.B. de C.V.
  6. News
  7. Summary
    AMX L   MXP001691213

AMÉRICA MÓVIL, S.A.B. DE C.V.

(AMX L)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

America Móvil B de C : Buyout fund EQT in early takeover talks with KPN

11/12/2020 | 02:35pm EDT
FILE PHOTO: KPN logo is seen at its headquarters in Rotterdam

LONDON/AMSTERDAM (Reuters) - European private equity fund EQT is holding preliminary talks with KPN NV over a possible takeover bid that could value the largest Dutch telecommunications company at about $13 billion, a source with knowledge of the matter said.

EQT has approached both KPN's management and the Dutch government in recent weeks to discuss a possible deal, the source said.

The buyout fund, founded in Sweden in 1994 and led by Chief Executive Christian Sinding, is working with JPMorgan on a possible deal, the source said, but negotiations are still at an early stage and no deal is certain.

KPN's top investor America Movil, which owns 16% of the Dutch firm, has not been informed of the discussions, which were first reported by Bloomberg, the source added.

EQT and KPN declined to comment while America Movil was not immediately available.

KPN shares rose almost 6.5% on Thursday to 2.64 euros.

On October 28, KPN boss Joost Farwerck told reporters during the company's third-quarter results that KPN was not planning on being bought but remained open to interest.

"If somebody comes along with an interesting proposal, we can always listen, but we're not focused on it," he said.

KPN, which has a market value of 11 billion euros, competes with VodafoneZiggo and T-Mobile in the highly concentrated Dutch market and has suffered a decade-long decline in sales. Farwerck has said he does not expect a quick revival.

EQT owns the Netherlands' second-largest fibre optic network, DeltaFiber, and may use it as a vehicle to buy parts of KPN's fibre business and extract some synergies, or cost efficiencies, if an outright takeover fails to win the blessing of Dutch government officials, the source said.

In May, the Dutch government passed a law that allows it to block takeovers of companies in the telecommunications sector that it deems to be not in the interest of national security.

"Any deal for KPN needs to be friendly. EQT will never go hostile," the source said.

The Netherlands' Economic Affairs ministry, which oversees KPN, did not respond to requests for comment on Thursday.

An attempt to buy KPN for 8 euros per share in 2013, by America Movil, floundered on KPN's poison pill defences, which are still in place.

(Reporting by Pamela Barbaglia in London and Toby Sterling in Amsterdam; Editing by Jane Merriman, Elaine Hardcastle, Kirsten Donovan)

By Pamela Barbaglia and Toby Sterling


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AMÉRICA MÓVIL, S.A.B. DE C.V. -1.92% 15.35 End-of-day quote.5.94%
ROYAL KPN N.V. -1.42% 2.629 Real-time Quote.5.71%
All news about AMÉRICA MÓVIL, S.A.B. DE C.V.
06:52aTelekom Austria may consider Huawei, ZTE for 5G networks-COO
RE
06/22GlobeX Data Starts Sales of SekurMessenger with America Movil's Telcel - Aims..
AQ
06/01IQSTEL SET TO LAUNCH VISA MONEY ONE : Iqst)
AQ
05/18iQSTEL Revenues Surge 182% In Q1; Crushes Estimates on Way To $60.5 million 2..
AQ
05/12AMERICA MÓVIL B DE C  : “América Móvil informs to the market” (Form ..
PU
05/12Acquisitions, Strong Balance Sheet And Record Revenues Position IQSTEL, Inc. ..
AQ
05/07AMERICA MÓVIL B DE C  : América Móvil informs to the market
PU
05/03EQT holds out hope for KPN after rejection, sources say, but shares slide
RE
05/03EQT holds out hope for KPN after rejection, sources say, but shares slide
RE
05/03PRESS RELEASE : cyan AG and Claro Chile sign contract for cyber security solutio..
DJ
More news
Financials
Sales 2021 971 B 48 092 M 48 092 M
Net income 2021 80 747 M 4 000 M 4 000 M
Net Debt 2021 556 B 27 545 M 27 545 M
P/E ratio 2021 12,9x
Yield 2021 2,88%
Capitalization 1 015 B 50 010 M 50 297 M
EV / Sales 2021 1,62x
EV / Sales 2022 1,56x
Nbr of Employees 184 100
Free-Float 48,0%
Chart AMÉRICA MÓVIL, S.A.B. DE C.V.
Duration : Period :
América Móvil, S.A.B. de C.V. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AMÉRICA MÓVIL, S.A.B. DE C.V.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 15,35 MXN
Average target price 17,63 MXN
Spread / Average Target 14,8%
EPS Revisions
Managers and Directors
NameTitle
Daniel Hajj Aboumrad Chief Executive Officer & Director
Carlos José García Moreno Elizondo Chief Financial Officer
Carlos Slim Domit Chairman
David Antonio Ibarra Muñoz Independent Director
Pablo Roberto González Guajardo Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
AMÉRICA MÓVIL, S.A.B. DE C.V.5.94%50 304
AT&T INC.0.07%205 489
T-MOBILE US8.14%181 817
SOFTBANK GROUP CORP.-4.59%119 066
KDDI CORPORATION13.24%71 571
VODAFONE GROUP PLC7.69%50 524