Reuters reports that Investor Capital Research and Management, a major shareholder in KPN Telecom (or Royal KPN) of the Netherlands, has cut its stake in the group to 6.79% from more than 15%, citing a filing to the Dutch market regulator AFM, Tuesday. The move comes hard on the heels of the 21 June announcement that America Movil (AM), the Mexican telecommunications group controlled by billionaire Carlos Slim, had upped its stake in KPN to 20.9%.
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OVETEL Investor Capital Research halves KPN stake
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