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 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)...
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...
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 |Â 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...
