Mexico's government has threatened the country's telecommunications giants with forced asset sales, unveiling a plan to loosen billionaire Carlos Slim's hold on the telephone market and curb broadcaster Televisa's dominance of the airwaves.
Dutch telecoms group KPN said its largest shareholder, America Movil, had backed its plan to raise 4 billion euros ($5.3 billion) and the two would seek to develop joint cost-cutting initiatives.
U.S. telecoms group AT&T is looking at an acquisition in Europe, possibly of Dutch peer KPN or the UK's Everything Everywhere, the Wall Street Journal reported.