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Provider: Reuters Investment Profile
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Telefonica Deutschland Holding AG Updates on KPN Acquisition


Monday, 26 Aug 2013 01:36am EDT 

Telefonica Deutschland Holding AG announced that it has confirmed that America Movil, S.A. de C.V. (hereinafter, 'KPN') has irrevocably committed to vote in favor of the acquisition of the German mobile business E-Plus from KPN by Telefonica Deutschland Holding AG (hereinafter, 'Telefonica Deutschland') at the Extraordinary Shareholder Meeting of KPN on October 2, 2013. The terms of the acquisition of E-Plus by Telefonica Deutschland will remain unchanged: KPN is to receive 24.9% of Telefonica Deutschland and EUR 3.7 billion in cash. 

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