BMI View: Shortly after KPN announced the sale of its German E-Plus unit, América Móvil terminated its strategic relationship agreement with KPN, with immediate effect. América Móvil made an offer of EUR7.2bn (US$9.6bn) to obtain the remaining shares in KPN that it did not already own shortly after. Following two consecutive quarters of decline in the mobile market América Móvil, post- takeover, would need to pursue expansion strategies to boost its growth prospects. Falling ARPUs amid fierce competition are not being buoyed by growth in data ARPU, resulting in falling revenues weighing on profit margins. Instead, there is a move …
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