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.

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