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Citi's Banamex Says America Movil Share Selloff Overdone

WSJ | June 7, 2011 | Anthony Harrup MEXICO CITY (Dow Jones)--Citigroup unit Banamex said the selloff this year in shares of Mexican telecommunications giant America Movil SAB (AMX, AMX.MX), which faces increasing regulatory pressure and stepped up competition, has been overdone and represents a good...

Dell pockets $476M federal government contract

Round Rock-based Dell Inc. (DELL) was chosen by the U.S. Department of Veterans Affairs (VA) to provide computer equipment and hosting services for more than 1,200 VA sites nationwide. Dell landed the four-year, $476 million contract to provide 600,000 personal computers and monitors along...

Mexico stocks hurt as America Movil drops

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%...

WSJ: Hong Kong Exchange Rejects Carving Up of PCCW

Wall Street Journal | April 27, 2011 | Polly Hui, Kate O'Keefe, Fiona Law HONG KONG—Hong Kong's dominant fixed-line operator, PCCW Ltd., said Wednesday the Hong Kong bourse rejected its plan to carve out its telecommunications business in the form of a listed business trust,...

Wipro net rises 15 % to Rs.5,298 crore

The Hindu | April 27, 2011 Wipro on Wednesday announced that it had posted consolidated revenues of Rs.31,099 crore, an increase of 15 per cent over the previous year. The company posted a net profit of Rs.5,298 crore, an increase of 15 per cent over...

Press Release: Brightpoint Announces Completion of Latin American Strategic Investment in Intcomex

Brightpoint | April 20, 2011 | Press Release INDIANAPOLIS, April 20, 2011 (GLOBE NEWSWIRE) -- Brightpoint, Inc. (Nasdaq:CELL), a global leader in providing supply chain solutions to the wireless industry, today announced the successful completion of its strategic investment in Intcomex, Inc. by its wholly-owned Miami-based subsidiary, Brightpoint Latin America, Inc. ("Brightpoint Latin America")....

Press Release: América Móvil to acquire 20% of StarOne

America Movil | April 19, 2011 | Press Release Mexico City, México, April 19, 2011. América Móvil, S.A.B. DE C.V. (“AMX”) (BMV: AMX; NYSE: AMX; Nasdaq: AMOV; LATIBEX: XAMXL), announced today that it has entered into a stock purchase agreement with GE Satellite Holdings LLC and its affiliates...

Reuters: Japan's TEPCO says no decision yet on sale of KDDI shares

Reuters | April 18, 2011 | Joseph Radford (Reuters) - Troubled Tokyo Electric Power Co. (9501.T) said on Monday it is mulling the sale of stock holdings and real estate, but said it has not decided whether to offload its shares in Japan's No. 2 mobile...

Reuters: Japan’s TEPCO says no decision yet on sale of KDDI shares

Reuters | April 18, 2011 | Joseph Radford (Reuters) - Troubled Tokyo Electric Power Co. (9501.T) said on Monday it is mulling the sale of stock holdings and real estate, but said it has not decided whether to offload its shares in Japan's No. 2 mobile...

Telefónica bolsters its shareholder remuneration policy and shares its growth forecasts for the coming years with the market

Telefonica | April 13, 2011 | Press Release The company reiterates its commitment to pay a dividend of €1.75 per share in 2012 and announces a minimum annual shareholder remuneration target of €1.75 per share from 2012. Madrid-London, 13 April 2011.- Telefónica today announced its shareholder...

Vodafone plans IPO for its Indian entity

CNBC Money Control | April 1, 2011 With Essar out of the way, Vodafone Plc is looking to list its Indian entity in the near future. The timing and the equity stake to be listed will be decided once the British company buys out Essar's stake...

Telefonica’s Brazilian units swap shares as part of restructure

Bloomberg | March 26, 2011 | Manuel Baigorri Telefonica SA (TEF) said the boards of Telecomunicacoes de Sao Paulo SA (TLPP3), its fixed-line unit in Brazil known as Telesp, and Vivo Participacoes SA (VIVO4), the country’s biggest wireless company, agreed that all of Vivo shares will be...

Digital Telecom Rises Most in Six Years on Sale Speculation

Bloomberg | March 28, 2011 | Ian Sayson Digital Telecommunications Philippines Inc. shares rose the most in more than six years in Manila trading on speculation parent JG Summit Holdings Inc. is in talks to sell the venture to Philippine Long Distance Telephone Co. Digitel, as the...

Telefonica buys $760 mln Vivo stock from minorities

Reuters | March 18, 2011 | Cesar Bianconi * Telefonica buys 10.63 million common shares of Vivo * Spanish telecom group pays 118.97 reais per Vivo share * Vivo voting stock fall sharply after tender offer SAO PAULO, March 18 (Reuters) - Telefonica (TEF.MC) bought 1.27 billion reais...

Telecom Argentina (TEO) Upgraded by Standpoint Research to “Accumulate”

American Banking News | March 16, 2011 Equities research analysts at Standpoint Research upgraded shares of Telecom Argentina (NYSE: TEO) from a “hold” rating to an “accumulate” rating in a research note to investors on Tuesday. The analysts currently have a $27.00 price target on...

Apple tumbles most since June after downgrade tied to Foxconn sales growth

Bloomberg | March 16, 2011 | Adam Satariano Apple Inc. (AAPL), the world’s most valuable technology company, fell the most since June on the Nasdaq after an analyst downgraded the stock, citing risks related to manufacturing partner Foxconn Technology Corp. Alex Gauna, an analyst at JMP...

UPDATE 3-Alcatel shares surge on bid talk -traders

Reuters | March 3, 2011 | Blaise Robinson and Tarmo Virki * Huawei has no plans to invest in Alcatel - spokesman * Short squeeze also mentioned to explain sharp rise * Barclays analysts raise price target for Alcatel * Traders also cite talk of bullish U.S. roadshow * Shares up...

Telefonica looking to buy Vivo common shares

Bloomberg | February 16, 2011 | The Associated Press SAO PAULO (AP) — Spain's Telefonica plans to hold a public tender to pay up to $1 billion for outstanding common shares in Vivo, Brazil's top mobile company it already has a large stake in. Vivo says...

Chunghwa Telecom Co posts large volume increase, hits $30.21

American Banking News | February 8, 2011 Shares of Chunghwa Telecom Co (CHT) saw unusually high trading volume on Tuesday. Approximately 457,492 shares changed hands during mid-day trading, an increase of 0.89% from the previous session. The stock last traded at $30.21. Chunghwa Telecom Co., Ltd....

Brasil Telecom SA (BTM) Posts Large Volume Increase, Hits $23.23

American Banking News | January 26, 2011 Shares of Brasil Telecom SA (BTM) saw unusually high trading volume on Wednesday. Approximately 521,419 shares changed hands during mid-day trading, an increase of 123.27% from the previous session. The stock last traded at $23.23. On a related note,...

NTT DoCoMo: Notice concerning outcome and Conclusion of share repurchase

NTT DoCoMo | January 26, 2011 | Press Release Share Repurchase under the provisions of Articles of Incorporation pursuant to Article 165 (2) of the Corporation Law TOKYO, JAPAN, January 26, 2011 --- NTT DOCOMO, INC. announced today the following outcome of its share repurchase under...

Nokia's market share troubles to hit profits

Reuters | January 19, 2011 | Tarmo Virki (Reuters) - Nokia is expected to report its third profit fall in a row as the mobile phone company struggles to compete against high-end smartphones of Apple and Samsung, while also losing share at the cheaper end...

Nokia’s market share troubles to hit profits

Reuters | January 19, 2011 | Tarmo Virki (Reuters) - Nokia is expected to report its third profit fall in a row as the mobile phone company struggles to compete against high-end smartphones of Apple and Samsung, while also losing share at the cheaper end...