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America Movil is a leader in Latin America`s telecom market, with nearly 270 million mobile subscribers.
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Mexico`s senate has adopted an ambitious telecommunications reform package aimed at blocking monopolies in television, mobile phones and high-speed Internet.
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Microsoft founder Bill Gates, who currently holds the title of world's richest man with a fortune of 79.5 billion dollars, could become world's first trillionaire, according to financial forecasters.
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It has offered KPN 2.4 euros per share, the company said in a statement.
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With net worth of USD 21.5 billion, Mukesh Ambani has retained his title as India's richest person for sixth year in a row, while Mexican business tycoon Carlos Slim has emerged as wealthiest in the world for the fourth consecutive year.
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The project is still in the exploration stage, with production not slated to begin until December, when the federal and municipal governments will issue the permits.
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The network, which will be called Ora.tv, will feature on-demand content.
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Mexican billionaire Carlos Slim has said he was no longer as capricious and did not lose sleep when deciding what work to add next to his 66,000-piece art collection.
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