Telefonica wins Slim over with sweetened German deal

By Sara Webb and Clare Kane AMSTERDAM/MADRID (Reuters) - Telefonica has raised its bid for KPN's German arm by 6 percent to 8.55 billion euros ($11.5 billion), winning over top KPN investor America Movil and setting the stage for consolidation in Europe's largest mobile market. The Spanish telecoms group's original deal to buy KPN's E-Plus unit was thrown into doubt earlier this month when Mexican billionaire Carlos Slim's America Movil said it would launch a bid for the shares in KPN it does not already own. ...

via Tech News Headlines - Yahoo! News http://news.yahoo.com/telefonica-wins-slim-over-sweetened-german-deal-123356123.html