America Movil (AM), the Mexican telecommunications group controlled by billionaire Carlos Slim, announced yesterday that it has upped its stake in KPN Telecom (or Royal KPN) and now owns 20.9% of the Dutch company. The move marks the latest in a series of share purchases that have occurred since AM launched a formal offer for 27.7% of KPN last month
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OVETEL No Slim pickings here: AM boss ups KPN stake to 20.9%
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