KPN said it expects Carlos Slim to retain his stake in the Dutch group despite the recent failed attempt by the Mexican billionaire to gain control of KPN via América Móvil.
Telekom Austria became the second Austrian operator in recent weeks to cautiously predict that the price war on the domestic market may soon be over, with the company's CFO now hoping it will stabilise its core profits next year.
América Móvil is not planning a hostile takeover bid for Telekom Austria despite the recent failure of its efforts to gain control of Dutch operator KPN, and said it sees itself as a long-term partner for the Austrian operator.
Brazil is one of America Movil's fastest growing wireline markets, the operator reported, as it added 1.1 million wireline pay-TV and broadband customer revenue generating units in the third quarter.
América Móvil's U.S. MVNO, TracFone Wireless, reported just 5,00 net subscriber additions in the third quarter, compared to 302,000 in the year-ago period. The carrier's figures also come on top of its 192,000 net subscriber losses in the second quarter, which were pinned on a company-wide effort within the parent firm to shut off the service of inactive users.
The Mexican government has once again hatched plans to auction off the Federal Electricity Commission's (CFE) 25,000 km state-owned fiber network with hopes that a private service provider will use it to compete with the country's dominant telco, America Movil and increase broadband availability.
KPN said it plans to spend around €4.7 billion ($6.5 billion) on its network from 2013 until the end of 2015, which is well below the Dutch operator's previous guidance of below €7 billion and indicates that the operator believes a large part of the investment in its LTE and fibre networks has been completed.
Missed opportunities for some as well as second chances for others have dominated the headlines this week, highlighting the often fickle and sometimes surprising industry we all work in.
KPN has not ruled out a resumption of talks with América Móvil after the Mexican company withdrew its €7.2 billion ($9.74 billion) bid to buy the Dutch operator because it said it would be impossible to meet its goal of expanding its stake to more than 50 per cent due to resistance from an independent KPN foundation.
América Móvil said it withdrew its €7.2 billion ($9.74 billion) bid to buy Dutch operator KPN because determined it would be impossible to meet its goal of expanding its stake to more than 50 per cent. The Mexican telecoms giant said the Dutch telecom's foundation had essentially blocked its bid to do so.