Mexican billionaire Carlos Slim is continuing his quest to increase América Móvil’s (AMX) share of the European market, intensifying its rivalry with Telefónica. In the latest chapter of AMX's effort to achieve a 28% stake in the Netherlands-based telecom company KPN NV, AMX announced...
América Móvil consolidated its dominate position in the U.S.-based prepaid space, announcing the closing on the acquisition of Simple Mobile. The deal, which was announced earlier this year, adds approximately 1 million prepaid customers to América Móvil’s U.S. operations that are centered on the...
Latin America telecom giant América Móvil has moved forward on its plans to increase its stake in Dutch-based telecom company KPN, saying it now holds 8.46% of KPN's stock.
According to its statement, América Móvil has entered into three separate transactions pursuant to which it purchased...
América Móvil said it has entered into an agreement with Marathon Zwei Beteiligungs GmbH, a wholly owned subsidiary of RPR Privatstiftung, to acquire approximately 21% of the outstanding shares of Telekom Austria, which counts 20.3 million wireless subscribers and 2.6 million fixed lines.
If approved,...
Dutch telecom operator KPN has had a busy month attempting to counter a move by Mexico-based operator América Móvil, which is looking to increase its presence in the European market.
About a month ago, América Móvil – the wireless carrier group controlled by...
MIAMI - Latin American telecom operator giant America Movil has begun a project to standardize its company's primary IT systems in the region. Named America Movil One, the project was launched after Brazilian Claro transformed its business process management systems by implementing a combination...
After making a play to increase its share in European operator KPN, America Movil said its U.S.-based subsidiary Tracfone Wireless has entered into an agreement to acquire mobile virtual network operator Simple Mobile, which offers SIM-based services using T-Mobile USA's network.
The moves show the...
America Movil (AMX), the wireless carrier group controlled by Mexican Carlos Slim, May 8 offered about 8 euros per share to increase its stake in the Netherlands-based telecom company KPN NV - a price that is about 23.5% above KPN's Monday closing price.
The partial...
The Mexican Federal Antitrust Commission (Comisión Federal de Competencia or CFC –Cofeco) has revoked a $925 million (11,989 million Mexican Pesos) April 2011 fine against Telcel for alleged monopolistic practices in the mobile termination market.
Telcel belongs to the América Móvil group, which is controlled...
Latin America's largest telecom group (measured by subscribers), América Móvil, posted an increase of 37.5% in net profit for the first quarter 2012, beating analysts’ forecasts largely due to the company's acquisition of the Brazilian cable television company, Net Servicos.
Net income climbed to US$ 2.5 billion...
Gemalto announced it has been selected as the technology provider for Transfer, the service resulting from a joint venture between América Móvil/Telcel, Citibank´s Mexican unit Banamex, and Banco Inbursa. Launched October last year, the US$ 50 million mobile banking joint venture will store and...
Mexico's wireless telecommunications sector is dominated by the domination of América Móvil’s Telcel, which controls about 70% of the market. That domination by a single carrier had pushed government regulators to implement plans to improve the competitive landscape, though the efforts have so far...
Nextel Communications, owned by U.S.-based holding company NII Holdings, could lose its competitive advantage across Latin America due to delays of its 3G network deployment.
Financial analysts have noted that the carrier's 3G plans could result in the carrier becoming lost in a sea...
América Móvil's Claro and Telefónica's Movistar, new entrants to Costa Rica’s wireless market, have appealed to the Ministry of Environment, Energy and Telecommunications (Minaet) to extend their network rollout deadline. Local paper El Financiero reported both telecom operators said they are facing difficulties installing...
Billionaire Carlos Slim Helú is set to launch an Internet TV network that will feature American television host Larry King, who has joined Helú as a co-founder of the network. Named "Ora.TV," the digital television venture will be funded by América Móvil, the leading...
Brazil's Embratel, which belongs to América Móvil, unveiled a new backbone network based on optical transport network technology and targeting its enterprise costumers.
"The new network will serve large companies, corporate clients and government," noted Ney Acyr, Embratel Empresas' executive director, to RCR Wireless...
As part of their "synergy" to integrate operations, Brazilian telecom operators Embratel, which belongs to América Móvil, and Telefónica's Vivo announced changes to some of their brand names.
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Embratel’s residential television and fixed-telephony services will...
The global cloud computing market has been strengthened by telecom competition, which has also placed those companies in a prime position to take advantage of that growing market, according to a report from Pyramid Research. Analytical firm Infonetics Research also noted that carriers are...
Prepaid wireless provider Tracfone Wireless inched closer to the 20 million customer mark during the final three months of 2011, as the carrier said it finished the year with 19.8 million total customers. The carrier is owned by America Movil (AMX) and operates in...
América Móvil, which recently posted an increase in revenues and a drop in net income for its latest quarter, said it will invest up to $9 billion in its operations in 2012 as it looks to capture customers across Latin America and meet...
América Móvil SAB, the largest mobile-phone carrier by customer base in the Americas, said it ended 2011 with 300 million total customer connections, including 242 million wireless subscribers across its markets.
During the final three months of last year, the company posted total revenues...
Alcatel-Lucent (ALU) said it was selected by América Móvil to provide infrastructure for its LTE and 4G network rollout in Latin America.
The deployment is expected to begin in Puerto Rico with mobile operator Claro, which is expected to launch commercial mobile broadband services in...
A new study by market research firm Infonetics Research showed that carriers are embracing cloud computing as a key corporate strategy. On the same day that Brazilian operator Oi announced its Smart Cloud platform, América Móvil unveiled plans for cloud computing services across subsidiaries...
The board of directors of Brazilian telecom regulator Anatel has unanimously agreed to relinquish control of Globo Comunicação e Participações SA on the Brazilian cable operator Net Serviços de Comunicação SA, and Carlo Slim’s América Móvil SAB, the biggest mobile-phone carrier in the Americas,...
