Investor Capital Research halves KPN stake

26 Jun 2012

Reuters reports that Investor Capital Research and Management, a major shareholder in KPN Telecom (or Royal KPN) of the Netherlands, has cut its stake in the group to 6.79% from more than 15%, citing a filing to the Dutch market regulator AFM, Tuesday.

The move comes hard on the heels of the 21 June announcement that America Movil (AM), the Mexican telecommunications group controlled by billionaire Carlos Slim, had upped its stake in KPN to 20.9%. As reported by CommsUpdate the move marked the latest in a series of share purchases that have occurred since AM launched a formal offer for 27.7% of KPN in May. The management of the Netherlands-based operation remains vehemently opposed to the Mexican group’s bid, considering it undervalues the company. However, AM is circling the Dutch PTO ever more closely whilst simultaneously acquiring minority stakes in other European telcos as it looks to create a foothold on the continent. Earlier this month, AM agreed terms to buy a 21% stake in the Telekom Austria Group from Viennese businessman Ronny Pecik and his Egyptian partner, Naguib Sawiris, with plans to increase this to about 23%.



Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate


Have feedback, corrections, or story ideas? Send them to

Browse Past Issues


Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.