NII Holdings is reportedly selling its Nextel operations in Chile and Argentina. According to the Argentinean newspaper La Nación, two Argentinian businessmen, Matías Garfunkel and Sergio Szpolski, the owners Grupo Veintitres, are close to buying the mobile phone service for about $250 million.
Last year, NII Holdings agreed...
Following América Móvil's failed bid to takeover KPN last year, the Dutch government is now floating a proposal that would allow it to intervene in any telecom acquisition that had “implications for national security.”
In a June 10 letter to parliament, the Dutch minister of economic...
The Orange Group has named Ramon Fernandez, the current director general of the French treasury, as its next CFO. Fernandez will start his new position on Sept. 1. The current CFO, Gervais Pellissier, will take over the management of Orange's European Zone, which also...
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AT&T wants to buy DirecTV for $48.5 billion, and the carrier is doing all it can to encourage regulators to approve the deal. It has promised to abide by the FCC's 2010 net neutrality rules for...
América Móvil finished the first quarter with revenues up 1.3% year-on-year to $14.93 billion, pushed by growth in Brazil. The carrier's Brazilian unit posted an 8.5% increase in total with wireless revenues rising 5.7% and fixed revenues increasing 11%. As for customers, América Móvil counted 342.9 million accesses, 4.5% more...
On the same day the global Net Mundial event began in São Paulo, Brazilian president, Dilma Rousseff, enacted the Marco Civil da Internet bill, which aims to protect online privacy and sets up a form of net neutrality in the country. The senate passed the bill on April 22, which followed the lower house...
TeliaSonera, the dominant carrier in Sweden and Finland, saw its profits slip as mobile sales continued to slow. Sales for the carrier's main mobile unit decreased by 3.5% to $3.64 billion. Net income fell 4% to $600 million in line with analyst estimates.
“Our markets continue...
América Móvil filed an injunction against the resolution issued by Mexico's Federal Telecommunications Institute (Instituto Federal de Telecomunicaciones or IFT) naming the telecom giant a dominant player in the Mexican telecom market.
The company serves about 70% of Mexico’s mobile-phone customers and was ordered by the...
Spanish telecom giant Telefónica will provide wireless Internet connections for the high-end electric car the Tesla S in Europe ― and reportedly its getting paid millions to do it. While the carrier showed off the car at the Mobile World Congress event in February,...
The Mexican Federal Telecommunications Institute (Ifetel) has declared that América Móvil units Telmex and Telcel are prevailing economic operators in the telecommunications sector. Ifetel had already named Televisa the dominant operator in the broadcasting sector. According to local news reports, unlike the television agency,...
A lot is going on this week at Mobile World Congress 2014, held in Barcelona, Spain. With a number of announcements, RCR Wireless News has separated those related to the Latin American region, from both carriers' and suppliers’ perspectives.
America Movil
Daniel Hajj, CEO of América...
The Latin American giant telecom group América Móvil (AMX) posted its fourth quarter and full year results for 2013. While in the 4Q13, AMX's profit rose 15.7%, when comparing the entire year of 2013 to 2012, net income was down 18%. According to AMX, in the...
Mobile wallet, satellite broadband, carrier Wi-Fi, fiber-to-the-home, machine-to-machine services and LTE are the main technology trends in Latin America for 2014, according to Frost & Sullivan. The key technology this year according to the firm’s analysts is LTE, which is gaining relevance across the...
Despite a recent negative antitrust ruling, Vivo, the Brazilian unit of Spanish Telefónica, views 2013 as a good year. The carrier focused on increasing its postpaid base and encouraging data usage (the MultiVivo offering is one example). In Brazil's LTE space, Vivo has the...
Last month Spanish telecom operator Telefonica announced it was increasing its stake in the holding entity that controls a 22.4% stake in the largest Italian operator, Telecom Italia. While the new agreement
América Móvil has backed away from its $10 billion offer to acquire a controlling interest in Dutch wireless operator KPN even though the deal had gained approval from Dutch regulators. That deal had originally been announced in August and called for América Móvil intention...
Latin American regulators are more concerned about the mobile market concentration in some countries, such as Colombia, Mexico and Peru, and they have implemented a range of measures in an attempt to foster competition.
The battle for KPN's German business is the latest wave in a flood of mergers and acquisitions in the European telecom sector. According to Dealogic, telecom was the most active sector for European M&A during the first half of the year, representing 18% of...
As expected, América Móvil announced its intention to make a voluntary cash tender offer for the outstanding ordinary shares of KPN at a price of $3.20 per share, which implies a premium of approximately 35.4% over the average closing price of KPN's ordinary shares...
América Móvil (AMX) has terminated its relationship agreement with KPN, which opens the way for América Móvil to increase its stake in the Dutch telecom group. The agreement kept América Móvil from holding more than 30% of KPN: América Móvil currently owns 29.8% of KPN. Now Carlos Slim’s...
The two largest telecom operators in Latin America have released their second quarter financial results. América Móvil beat expectations, reporting better-than-expected second quarter core profits and revenue, as more customers made mobile calls in Mexico and South America. As for the Spanish group Telefónica,...
AT&T divested itself of 540 million shares in Latin American-based telecom giant America Movil in a move the carrier said was designed to maintain its position in America Movil following recent share repurchases by that operator.
In a Securities and Exchange Commission filing, AT&T noted...
4G Americas reported that there are now 20 commercial LTE networks in nine Latin American countries: Antigua and Barbuda, Bolivia, Brazil, Colombia, the Dominican Republic, Mexico, Paraguay, Puerto Rico and Uruguay. In May, there were about 136,000 LTE connections in Latin America, and that...
Latin American mobile users are concerned about data privacy when they are using applications. GSMA, which represents the interests of mobile operators worldwide, surveyed 4,500 mobile users in Brazil, Colombia and Mexico about mobile privacy issues. Pat Walsh, who is responsible for privacy at...
