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    AMX L   MXP001691213

AMÉRICA MÓVIL, S.A.B. DE C.V.

(AMX L)
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Dutch KPN shares jump 7% on reports of possible takeover interest

10/12/2020 | 04:21am EDT

AMSTERDAM, Oct 12 (Reuters) - KPN shares jumped more than 7% on Monday, buoyed by possible takeover interest in the main Dutch telecom provider.

Bloomberg on Friday reported that European private equity firm EQT was considering a potential bid for KPN.

The buyout firm was said to be in early discussions with possible advisers on the feasibility of a deal, without any final decision having been made.

KPN and EQT declined to comment on the report.

Shares in KPN traded up 7.5% at 0805 GMT in Amsterdam, reaching their highest level in three months. KPN shares had lost 15% since the start of the year until Friday.

KBC Securities analysts on Monday said a deal could make sense considering EQT's ownership of fiberglass supplier Delta Fiber, which has the second-largest fiber footprint in the Netherlands after KPN.

A deal could be opposed by the company and Dutch government.

A new law adopted this year gives the government the option to block takeovers of Dutch telecom companies if they are deemed a threat to national security.

KPN also has a strong defence against unwanted takeovers, in the form of a foundation that can build up a controlling stake to block any deal.

This proved successful in 2013, when KPN won a lengthy battle against unsolicited interest from Mexico's America Movil . (Reporting by Bart Meijer; Editing by Edmund Blair)


© 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%
EQT AB (PUBL) -1.51% 306.1 Delayed Quote.47.72%
ROYAL KPN N.V. -1.42% 2.629 Real-time Quote.7.24%
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Financials
Sales 2021 971 B 48 114 M 48 114 M
Net income 2021 80 747 M 4 001 M 4 001 M
Net Debt 2021 556 B 27 558 M 27 558 M
P/E ratio 2021 12,9x
Yield 2021 2,88%
Capitalization 1 015 B 50 010 M 50 320 M
EV / Sales 2021 1,62x
EV / Sales 2022 1,56x
Nbr of Employees 184 100
Free-Float 48,0%
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Technical analysis trends AMÉRICA MÓVIL, S.A.B. DE C.V.
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TrendsNeutralBullishBullish
Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 15,35 MXN
Average target price 17,63 MXN
Spread / Average Target 14,8%
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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
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