Carlos Slim’s AM now has designs on Poland, paper says

23 Aug 2012

America Movil (AM), the regional mobile operator owned by the Mexican billionaire Carlos Slim Helu, is reported to be one of four groups looking to invest in Polish mobile operator P4, the Puls Biznesu paper reports citing unnamed sources as saying. Slim, who is establishing a foothold in the European market through the acquisition of stakes in Royal KPN of the Netherlands and in Telekom Austria, is also believed to be interested in Warsaw-listed fibre-optic infrastructure firm Hawe the news daily reports. AM, another unnamed telecoms company and two private equity funds are thought interested in investing in P4, Poland’s youngest and fourth largest mobile operator by subscribers, which offers services under the brand name Play. Hawe meanwhile, valued at USD122 million, is understood to be seeking funds to purchase the telecoms arm of Poland’s rail network operator.

Poland, America Movil (AM), Play (P4)