America Movil extends KPN offer till October

America Movil has extended its public offer for KPN and it will now be made in the course of October, 2013.

America Movil has announced that the launch of the voluntary public offer in cash for all issued and outstanding ordinary shares in the capital of KPN at an offer price of EUR 2.40 per share is no longer expected to occur in September 2013.

As previously announced, America Movil is engaged in dialogues with KPN and stakeholders of KPN in relation to the offer, and intends to allow for sufficient time for such discussions to be pursued.

America Movil is making good progress towards finalizing preparations for the intended Offer and currently expects that, in case it decides to proceed with making the intended offer, the offer memorandum will be published and the intended offer will be made in the course of October 2013.

As set out in America Movil’s announcements, the company continues to carefully evaluate all options available to it in respect of the announcements made by the Stichting Preferente Aandelen B KPN (the “Foundation”) and KPN on August 29, 2013 in relation to the exercise of the call option by the Foundation and the issue of the preference shares B by KPN, and to reserve any or all rights in this respect, including the right to withdraw the intended offer or, if the intended offer is made, the right to not declare the intended offer unconditional if the Foundation’s ability to hold, acquire or vote preference shares B is retained.

America Movil is the leading provider of telecom services in Latin America. As of June 30, 2013, it had approximately 262 million wireless subscribers and approx 67 million fixed revenue generating units in the Americas.

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