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.
Thank you for donating to DutchNews.nl.
We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.Make a donation