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America Movil

Latest Headlines

Latest Headlines

America Movil's Q3 profit slides 39% to $754M

América Móvil reported that its net profit dropped 38 percent year-over-year to $754 million, falling short of analyst expectations due to an increase in taxes and weak results at its European holdings Telekom Austria and KPN.

América Móvil says it's not in talks with T-Mobile for a deal

América Móvil once again had to quiet speculation that it is interested in acquiring T-Mobile US. Just as the company was forced to do in the second quarter, the Mexican-based telecoms giant addressed rumors of a deal on its quarterly conference call; CEO Daniel Hajj said the company is not in talks with T-Mobile.

Verizon rules out buying América Móvil's assets, while AT&T could face hurdles to bidding

Verizon Communications is not going to bid for assets that América Móvil is going to sell off, according to CFO Fran Shammo. Meanwhile, thanks to rules being put in place by Mexico's telecommunications regulators, AT&T could face hurdles if it decides to acquire some of the assets.

América Móvil increases its stake in Telekom Austria to almost 60%

América Móvil now owns close to 60 per cent of Telekom Austria after the Mexican company gained an additional 8.68 per cent share through an extended offer to smaller shareholders.

Wireless in the third quarter of 2014

How did the wireless industry perform in the third quarter of 2014? Check here throughout the third-quarter earnings report season for full earnings reports from the wireless industry's carriers, handset makers, equipment suppliers and others.

AT&T to double data for high-usage shared data plans through Oct. 31

AT&T Mobility launched a promotion that will give new and existing customers double the data allotment on shared data plans when they sign up for a data bucket of 15 GB or more.

Report: Sprint parent SoftBank eyes investment in Mexico's Iusacell

Sprint parent SoftBank is looking to expand its reach in the Western Hemisphere by investing in Mexican wireless carrier Grupo Iusacell as part of an effort to ride growth in the Latin American market, according to a  Bloomberg  report.

Report: Telecom Italia values TIM Brasil stake at €13B

Telecom Italia has valued its 67 per cent stake in TIM Brasil at around €13 billion ($16.8 billion), amid reports that Brazilian operators Oi and America Movil are closing in on the Italian company's unit.

Telecom Italia faces tough choices in Brazil

Telecom Italia is at something of a crossroads in Brazil, as the company considers how to proceed following the failure so far of its plan to buy Vivendi's Brazilian broadband unit GVT and merge it with TIM Brasil.

America Movil must confirm suitor before selling off network assets, says regulator

América Móvil is anxious to shed some of its wireline and wireless assets so it can gain regulatory freedom, but Mexico's Federal Institute of Telecommunications (IFT) told company owner Carlos Slim that the company can't present a plan until it names a buyer.