America Movil has no intention of raising offer price for KPN, Reuters says America Movil spokesman says the company is not willing ot agree to any curbs on its managerial involvement in the operation of KPN. It also has no plans to use the European courts to press case for KPN acquisition, and it will to analyze whether to maintain its stake in KPN if a takeover offer does not succeed.
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America Movil upgraded to Equal Weight from Underweight at Barclays Barclays upgraded America Movil to Equal Weight citing improved visibility on carrier plans to address regulations. The firm raised its price target for shares to $24 from $20.50.