Operator
And our next question comes from the line of Mauricio Fernandes from Merrill Lynch.
Mauricio Fernandes - BofA Merrill Lynch, Research Division
So I have a question on KPN and, more specifically, on Telmex. You announced on Telmex, I think a couple weeks ago, the spinoff of some assets. And I would like to know which are these assets, how relevant they are and what's the strategy? Secondly, on KPN, specifically the transaction between Telefonica and E-Plus, I'm not sure if you can comment or will comment, how you think about it and what are the next steps there, please?
Daniel Hajj Aboumrad
Well, first on -- Mauricio, thanks for the question. First on Telmex, this is a corporate decision in order to spin off some assets that are not directly related to the telecommunication services. These are businesses that are focused more on real estate and leasing, so the spinoff that we're going to do is to consolidate all the real estate and leasing companies inside América Móvil, and not to have a lot of real estate companies inside of América Móvil. I feel it's not -- this proposal is not connected with the telecom business of Telmex, okay? So that's on Telmex. And the second, on KPN. I think the only thing that I can say is that, we will evaluate the terms and conditions of the transaction announced by KPN regarding its subsidiary in Germany, E-Plus. And when those are presented to KPN shareholders, and we'll make a determination at that point in time. I think that's the only thing that we are doing at this moment.
Mauricio Fernandes - BofA Merrill Lynch, Research Division
Okay. And on Telmex, if I may, Daniel, what's the size of it? So that we have an idea of what kind of value we're talking about in this spinoff?
Carlos José García Moreno Elizondo
If you want, I can answer you that. At this moment we are not certain, because that circumstance has not happened, it's going to happen the next Tuesday, the exact size of the assets and liabilities then will be transferred to the new company. All I can tell you is that in terms of revenue it's less than 50% of the revenues of the revenues of Telmex. So that gives you a little bit of the size of business.
Mauricio Fernandes - BofA Merrill Lynch, Research Division
Okay. And sorry, another follow-up on KPN. So strategically speaking, there's a potential for the deal to happen or not to happen, obviously. And if it does happen, basically KPN becomes the Netherlands and Belgium, but obviously, mostly the Netherlands. What's -- how does that change, if the deal happens? It's approved, how does change the strategy or the rationale, or the strategic rationale behind being in Europe?
Daniel Hajj Aboumrad
Well, that's exactly -- it's what we're evaluating. We're evaluating the terms and conditions for the transaction and we are going to take the decision on that time. I think it's difficult to answer other questions at this moment, no? Of course, it makes -- yes?