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KPN shares rise on AT&T takeover speculation

Thursday 17 January 2013

The share price of Dutch telecoms group KPN rose sharply in Amsterdam on Thursday following speculation it may be an AT&T takeover target.

The Wall Street Journal reported KPN may be ‘on the radar’ at AT&T, boosting the share price by 3.6% at the end of morning trading, the Telegraaf said.

The paper says AT&T’s chief executive Randall Stephenson is good friends with Mexico’s Carlos Slim, who owns telecoms group Movil. Last year Movil bought a 28% stake in KPN. AT&T also has a small stake in Movil.

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Readers' Comments

Hi,
KPN shares rise on AT&T takeover speculation. The interest of Carlos Slim in KPN was to an AT&T take over. KPN seems to be a “Lame duck”, maybe it’s something to do with the goose cull.

By Terence Hale | 17 January 2013 6:00 PM