MEXICO CITY (Reuters) - Shares in Mexico's America Movil, Latin America's largest phone company, fell more than 1 percent to 14.31 pesos on Wednesday after the company said it would back Dutch telecom KPN (Amsterdam: KPN.AS - news) 's plan to raise 4 billion euros.
Shares in America Movil are down 4 percent year-to-date.
(Reporting by Alexandra Alper and Elinor Comlay; Editing by Gerald E. McCormick)
