Telefonica S.A. (ADR) (TEF), Vodafone Group Plc (ADR) (VOD), America Movil SAB de CV (ADR) (AMX): Why Aren’t These Telecom Stocks Moving?

On July 23, it announced it would purchase E-Plus, the German unit of Dutch carrier KPN . This move would combine KPN's and Telefonica S.A.

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