Three Firms Dial In for Carlos Slim's KPN Bid

, The Am Law Daily


The Mexican billionaire's América Móvil announced plans to launch a $9.6 billion public offer to acquire the remaining 70 percent stake in Dutch cellphone operator KPN it does not already own. Cleary and Clifford Chance are advising América Móvil, while Allen & Overy is working for KPN. Meanwhile, Cleary also advised Russian mobile operator MegaFon on its $1.2 billion purchase of next-generation mobile service provider Scartel in a deal announced last week.

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