Carlos Slim may have gained majority control over Telekom Austria, but the Austrian state has indicated that it has every intention of maintaining its minority stake in the operator.
América Móvil does not have any plans to acquire a U.S. carrier, the company's management said during the carrier's second quarter earnings call. The statement serves to squash speculation that América Móvil might purchase T-Mobile US with the money it expects to raise through a sale of its assets.
América Móvil's second-quarter 2014 wireline segment revenues saw the benefit of increases in both pay TV and broadband access subscriber increases.
América Móvil has revealed it will own 50.8 per cent of Telekom Austria following the completion of its offer for shares in the Austrian operator that it does not already own.
Mexican telecom reform legislation is now on the desk of President Enrique Pena Nieto after the lower house of Congress voted to approve sweeping new laws intended to break up the monopolies controlling the country's telco and broadcast businesses and open those markets to outside competition.
How did the wireless industry perform in the second quarter of 2014? Check here throughout the second-quarter earnings report season for full earnings reports from the wireless industry's...
Facing the inevitability of new rules aimed at breaking its grip on Mexico's telecommunications industry, Carlos Slim's América Móvil announced that it would sell off "certain assets … to a new and solid carrier independent from América Móvil with experience in the telecommunications sector."
An ongoing move by the Mexican government to overhaul its telecommunications industry has direct implications for billionaire telecom mogul Carlos Slim, perhaps even resulting in the break-up of America Movil, Slim's all-encompassing telecommunications firm.
Telekom Austria has unveiled new advancements within its portfolio of companies this week with the launch of LTE services in Macedonia and the creation of a converged player in Liechtenstein, although the Austrian operator is clearly not yet out of the woods over its recent whopping €400 million ($544 million) writedown in Bulgaria.
America Movil's shareholders Inmobiliaria Carso and Control Empresarial de Capitales are going to purchase AT&T's 8.27 percent stake in the company for $5.57 billion.