BRUSSELS Aug 30 The independent foundation tasked with protecting the interests of KPN stakeholders said it expected America Movil to make a fair bid for the group and install good corporate governance.
Late on Thursday, the foundation exercised an option to buy shares that would give it almost 50 percent of KPN's voting stock, temporarily blocking the Mexican group's 7.2 billion euros ($9.52 billion) bid.
The foundation said it could in theory maintain such a blocking move for up to two years, according to Dutch law, the foundation said in a press conference on Friday.
AT&T reaches deal to buy Time Warner for more than $80 billion -WSJ
Oct 22 AT&T Inc reached a deal to buy media company Time Warner Inc for more than $80 billion, The Wall Street Journal reported on Saturday.
Trump vows to weaken U.S. media 'power structure' if elected
GETTSYBURG, Pa. , Oct 22 U.S. Republican presidential candidate Donald Trump promised on Saturday to foil a proposed deal for AT&T Inc to buy Time Warner Inc if he wins the Nov. 8 election, arguing it was an example of a "power structure" rigged against both him and voters.