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Koninklijke KPN NV Updates on Sale of Its E-Plus German Business to Telefonica SA-Reuters

Monday, 26 Aug 2013 02:00am EDT 

Reuters reported that Koninklijke KPN NV announced improved terms for the sale of its German business E-Plus to Telefonica SA, in a deal worth EUR 8.55 billion (USD 11.46 billion) that has gained the support of America Movil SAB de CV. According to the Koninklijke KPN NV's statement, as a result of the improved terms, America Movil SAB de CV has provided an irrevocable commitment to vote in favor of the proposed transaction at Koninklijke KPN NV's extraordinary general meeting related to the sale of E-Plus.