Euronews: Slim Says KPN Cash Is in Place

Also in today's EMEA roundup: E-Plus/Telefónica deal to be put under the microscope; Bosnian gig for Redknee; Ofcom consults on satellite WiFi for planes, boats and trains.

  • América Móvil S.A. de C.V. , the Latin American telecom group owned by billionaire Carlos Slim, says it has funding in place to proceed with its bid to buy the part of KPN Telecom NV (NYSE: KPN) it doesn't already own, reports Reuters. América Móvil currently owns nearly 30 percent of the Dutch incumbent. (See Euronews: Slim Makes Move on KPN, Euronews: Does Slim Want All of KPN? and Euronews: Slim's Stealthy Expansion.)

  • And, linked to the above, the German antitrust watchdog has said that the proposed sale of KPN's German unit, E-Plus Service GmbH & Co. KG , to Telefónica SA (NYSE: TEF) for €8.1 billion ($11 billion) will have to be scrutinized very closely, reports Reuters. This proposed deal is thought to have prompted Carlos Slim to make his move on KPN. (See Euronews: KPN to Sell E-Plus for €8.1B.)

  • BH Telecom d.d Sarajevo , the main operator in Bosnia, has turned to Redknee Inc. (Toronto TSX: RKN), the Canadian purveyor of Service Provider Information Technology (SPIT), for an upgrade of its BSS capabilities. The value of the deal was not disclosed. (See BH Telecom Upgrades Its BSS .)

  • Why look out of your airplane window at the snow-topped crown of Mount Kilimanjaro when you can watch last night's episode of Jersey Shore? The BBC reports that UK regulator Ofcom has launched a consultation on a proposal to license a new "stabilized" satellite system that could bring WiFi fast enough for video streaming to aircraft, ships and trains by 2014.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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