A tycoon bites the Dutch dust

nrc-carlos-slim-coverLebanese-Mexican tycoon Carlos Slim appears to have lost a major battle in his bid to control Dutch telecoms firm KPN, as he has cancelled his América Movil company’s announced bid for a majority of the telecom firms shares.

It its statement of October 16th, América Movil blamed KPN’s obstructive and non-cooperative stand. As we noted before, a tycoon’s way of doing business is never a good match for continental European companies and Slim’s attempt may have been doomed from the start.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s