irms revenue guidance (trading +2.3%) • Vedanta: India allows iron ore mining in Goa with conditions, still capped 20mt pa (trading +3.0%) • KPN: America Movil cuts stake in KPN to 24.83% from 26.69% in AFM filing (trading +1.5%) • Manchester United: David Moyes sacked at Manchester United (currently 7th i

European markets mixed in subdued trading to finish the week. Earnings quiet today but, on the M&A front, KPN is trading +16.4% after Carlos Slim's America Movil announced a €2.40/share bid for the remainder of KPN = 20% premium to yesterday's close (stock trading €2.33 last < deal price despite some suggest

Shaw Communications Canada 7,476 14,802 505% Vodafone United Kingdom 43,991 102,552 42.9% DBS Bharti Airtel India 3,013 32,732 9.2% America Movil Mexico 9,433 118,679 7.9% Dish USA $3,297 $30,234 10.9% Telefonica Spain 27238 145,411 18.7% DirecTV USA 785 55,918 1.4% Axiata

a couple of ways forward. Firstly, as we have discussed before= Amir looks to raise money locally through the Joint Ventures he is settin= up (e.g. America Movil in Brazil). This has the benefit of not diluting shares in the holding company, whilst also=cost efficiently buying time to strengthen the metrics f