Royal KPN NV, the Dutch phone operator partly owned by Carlos Slim’s America Movil SAB, raised about 2.92 billion euros ($3.78 billion) in a share sale as investors took up 97.4 percent of the offered rights.
After a group of protesters denounced Carlos Slim and marched out of the room playing Darth Vader’s theme song on kazoos, a companion of the Mexican billionaire smiled at him and said, “Welcome to New York.”
Telekom Austria AG, the country’s biggest phone company, rose the most in almost five weeks after its first-quarter earnings beat analysts’ estimates while a decline in revenue was cushioned by business in Belarus.
Ecuador’s anti-monopoly watchdog, seeking to improve mobile-phone coverage, suspended about 2,000 exclusive contracts used by carriers such as America Movil SAB to get prime locations for network towers.
Mexican President Enrique Pena Nieto hopes to use U.S. President Barack Obama’s visit to affirm one crucial theme: that his country is much more than the sum of its problems. During a whirlwind first 100 days, he has already pushed through significant reforms to strengthen Mexico’s notoriously mediocre educational system and to deliver Mexicans from costly and oppressive monopolies.
NII Holdings Inc., the provider of Nextel-branded service in Latin America, rose as much as 8.6 percent after adding users and naming interim Chief Executive Officer Steven Shindler to the job permanently.