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America Movil Moves In On KPN With $1.6B Stock Buy

By Liz Hoffman (June 22, 2012, 3:47 PM EDT) -- Mexico's mobile operator America Movil SAB de CV said Thursday it will pay €1.27 billion ($1.6 billion) to increase its stake in teetering Dutch telecom company Koninklijke KPN NV to 20.9 percent, three weeks after KPN rejected a $3.2 billion tender offer for a 23 percent stake....

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