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America Movil, controlled by Mexico billionaire Carlos Slim, offers $4.2BN for stake in Dutch telecom KPN

The Latin American telecom giant wants to increase its stake in Dutch phone and Internet service provider Royal KPN as it seeks to expand into Europe.

Carlos Slim arrives at the White House in Washington DC for a state dinner on May 19, 2010.

Brendan Smialowski

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Carlos slim in black tie