Telekom Austria reported a net loss of $401 million in the first half of 2014. The Vienna-based telecom, which is now controlled by billionaire Carlos Slim's América Móvil, blamed the decline on economic problems in central and eastern Europe, regulatory problems and an accounting error.
Telekom...
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...
Carlos Slim did it. In its third move within a month, telecom group América Móvil, which is controlled by billionaire Slim, reached its goal of increasing its stake in Dutch-based KPN NV from 4.8% to 27.7%. KPN shareholders representing nearly 40% of all shares...
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...
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...
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...
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...
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...
The two major telecom operators in Mexico - fixed Telmex and mobile Telcel -, which together generate two-thirds of industry revenue, contribute less than one third of the investments. In a recent analysis, the local consulting and market research firm Competitive Intelligence Unit (CIU)...
América Móvil’s Telmex (BMV: TELMEX) said it intends to delist its American depositary shares from the New York Stock Exchange and the Nasdaq and its L Shares from the Mercado de Valores Latinoamericanos en Euros in Madrid (Latibex) and to terminate its American depositary...
Carlos Slim’s América Móvil SAB will pay $4.6 billion (or 62.1 billion pesos) to increase its stake in Teléfonos de México SAB from 59.4% to 92.8%, securing control of Telmex.
Carlos Slim's America Movil is set to invest $10 billion in the Latin America region over coming years. During the ITU World Telecommunication in Genebra, Slim told Reuters that his empire needs to perform several important investments for fixed broadband access, but that it...
The day after América Móvil’s three Brazil-based operations – Net, Embratel and Claro – launched a range of integrated services, Telefônica Brazil announced its first products package integrated with Vivo, the Brazilian mobile carrier it acquired last year. The service launch was a fixed-telephone...
Claro, the Brazilian operator owned by Carlos Slim’s América Móvil (AMX), announced that it is updating its radio access network to be all Internet Protocol based by the end of the year. This strategy prepares Claro for the future launch of 4G services. Claro...
Mexican telecom giant América Móvil, owned by billionaire Carlos Slim, is offering US $6.5 billion to acquire from shareholders the entire ownership of its fixed-line operation Telefonos de Mexico SAB or Telmex.
Currently, América Móvil owns 59.4% and is the biggest shareholder of Telmex. The...
Bloomberg | May 24, 2011 | Crayton Harrison
An escalating confrontation between Carlos Slim and two fellow billionaires is driving prices lower for phone, Internet and TV services inMexico, a boon for consumers that could boost the nation’s economy.
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MarketWatch | May 4, 2011 | Carla Mozee
LOS ANGELES (MarketWatch) — Mexican stocks dropped Wednesday, with shares of market heavyweight America Movil SAB extending losses and ending at an eight-month low following a court ruling about telecom industry fees.
Mexico’s IPC equity index XX:IPC -0.95% fell 1%...
Bloomberg | April 8, 2011 | Video
April 12 (Bloomberg) -- Emilio Azcarraga, chairman and chief executive officer of Grupo Televisa SA, talks about the company's purchase of a 50 percent stake in Grupo Iusacell SA and its ability to compete against billionaire Carlos Slim's...
Bloomberg | April 8, 2011 | Video
April 12 (Bloomberg) -- Emilio Azcarraga, chairman and chief executive officer of Grupo Televisa SA, talks about the company's purchase of a 50 percent stake in Grupo Iusacell SA and its ability to compete against billionaire Carlos Slim's...
Reuters | April 7, 2011 | Andre Grenon
(Reuters) - Telmex, the telecommunications giant controlled by Mexican billionaire Carlos Slim, said it won a contract to provide the platform for wireless carrier Nextel's mobile broadband services.
Telmex, which controls 80 percent of Mexico's fixed phone lines,...
Reuters | April 4, 2011 | Cyntia Barrera Diaz
(Reuters) - America Movil expects to double its pay television customers in Latin America to 22 million by the end of 2013, according to projections from a company source with direct knowledge of the growth outlook.
The source...
Wall Street Journal | March 23, 2011 | Anthony Harrup
Of DOW JONES NEWSWIRES
MEXICO CITY (Dow Jones)--Mexico's largest mobile phone operator, America Movil SAB (AMX, AMX.MX) unit Telcel, said Wednesday that it has filed complaints with the country's antitrust regulator against broadcasters Grupo Televisa SAB...
Wall Street Journal | March 23, 2011 | Anthony Harrup
Of DOW JONES NEWSWIRES
MEXICO CITY (Dow Jones)--Mexico's largest mobile phone operator, America Movil SAB (AMX, AMX.MX) unit Telcel, said Wednesday that it has filed complaints with the country's antitrust regulator against broadcasters Grupo Televisa SAB...
