Mexico's telecommunications regulator, IFT, has imposed a $3.69 million fine on fixed-line operator Telmex for monopolistic practices in long-distance services. IFT said Telmex committed a serious infraction by ignoring competitor Axtel's requests to interconnect with its network. The carrier also did not provide information about...
The Mexican Federal Competition Commission (Comisión Federal de Competencia—CFC) has fined América Móvil’s fixed line company Telmex U.S.$51.6 million (657 million pesos) for denying interconnection through its dedicated links to competitor Axtel in numerous cities.
Mexico's anti-trust commission said in a statement that by refusing to...
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,...
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.
Mexican telecom giant América Móvil, owned by billionaire Carlos Slim, is offering US $6.5 billion to acquire from shareholders the entire ownership of its fixed-line operation Telefonos de Mexico SAB or Telmex.
Currently, América Móvil owns 59.4% and is the biggest shareholder of Telmex. The...
Expecting a transformation in Latin America’s telecommunications networks, Ciena Corp. said it believes region will grow at higher rates than other markets. “Latam is one area of great growth for Ciena. We are moving into more markets and growing tremendously,” said Fabio Medina, sales VP...
Net income for the second quarter at Mexican fixed line incumbent Telefonos de Mexico SAB fell 11.8% from the year-ago period. Telmex’s revenue also dropped 2.9% from the year-ago period to 27.614 billions pesos (US$ 2.357 billions).
From April to June 2011, earnings were 11.074...
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,...
TeleGeography | March 28, 2011
Mexican telecoms group America Movil (AM) has decided to rebrand fixed broadband unit Telmex Ecuador under the Claro moniker used across AM’s Latin American operations, reports Telecompaper. The decision follows Telmex Ecuador’s sister cellco Conecel dropping its well-established Porta brand...
Wall Street Journal | March 10, 2011 | Jose De Cordoba
MEXICO CITY–Three powerful billionaires, lambasting one another as "monopolists" and "duopolists," filed complaints against each other Wednesday, ratcheting up a battle over Mexico's $35 billion telecommunication and broadcast markets.
First, a coalition of 25 cable,...
Wall Street Journal | March 9, 2011 | Anthony Harrup
MEXICO CITY—Mexico's largest phone company Telefonos de Mexico SAB said it plans to split into two companies, one of which will serve rural and marginalized areas where competitors haven't invested.
The decision by the company controlled by...
Wall Street Journal | March 9, 2011 | Anthony Harrup
MEXICO CITY—Mexico's largest phone company Telefonos de Mexico SAB said it plans to split into two companies, one of which will serve rural and marginalized areas where competitors haven't invested.
The decision by the company controlled by...
Grupo Mercatel | March 9, 2011 | Press Release
-- To lower the rates, 9 pending interconnection proceedings with COFETEL must be resolved
-- Telmex-Telcel repeatedly violate their concessions: there are currently 17 sanction proceedings against them at the SCT
-- Consumers are experiencing high costs and...
Grupo Mercatel | March 9, 2011 | Press Release
-- To lower the rates, 9 pending interconnection proceedings with COFETEL must be resolved
-- Telmex-Telcel repeatedly violate their concessions: there are currently 17 sanction proceedings against them at the SCT
-- Consumers are experiencing high costs and...
Wall Street Journal | March 4, 2011 | JOSÉ DE CORDOBA
MEXICO CITY—Three of Mexico's most prominent billionaires—who were once a cozy group of amigos protecting each other's backs—are now battling over how to divvy up the country's $35-billion-a-year telecommunication and TV-broadcast market.
The fight pits Carlos Slim,...
Reuters | February 21, 2011 | Cyntia Barrera Diaz
(Reuters) - Billionaire Carlos Slim pulled advertising from Mexico's top broadcaster after ad rates spiked by 20 percent, a Slim spokesman said on Sunday, in a deepening rivalry between two of the country's top tycoons.
But while Slim's...
PR Newswire | February 3, 2011
-- Telecommunications companies in the United States, represented by COMPTEL, express concern about the independence of COFETEL and hope it will achieve the autonomy to resolve the conflict of telecommunications in Mexico.
-- COMPTEL demonstrates that despite years of complaints...
Business News Americas | February 7, 2011 | Juan Pedro Tomás
Mexican telecoms operator Telmex expects to see some synergies with its controlling company América Móvil (NYSE: AMX) this year, Telmex CFO Adolfo Cerezo said in a conference call with investors.
"We will have some synergies...
Reuters | February 3, 2011 | Michael O'Boyle and Tomas Sarmiento
* Net profit of 3.39 bln pesos below estimates
* EBITDA and revenues also miss, taxes higher
* Sheds 291k line, adds 835k broadband, yr/yr (Adds detail on broadband subscribers)
Billionaire Carlos Slim's Telmex, Mexico's...
Reuters | February 3, 2011 | Michael O'Boyle and Tomas Sarmiento
* Net profit of 3.39 bln pesos below estimates
* EBITDA and revenues also miss, taxes higher
* Sheds 291k line, adds 835k broadband, yr/yr (Adds detail on broadband subscribers)
Billionaire Carlos Slim's Telmex, Mexico's...
Telcordia | February 1, 2011 | Press Release
Telcordia increases its expert business and development support for the communications sector in CALA
PISCATAWAY, N.J /PRNewswire/ -- Telcordia, a global leader in the development of mobile, broadband and enterprise software and services, today announces the expansion of...
