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America Movil

Latest Headlines

Latest Headlines

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.

Grupo Televisa buys Cablecom; strengthens cable TV position in Mexico

Broadcast and media player Grupo Televisa created some new waves in the Mexican telecommunications market by acquiring cable TV operator Cablecom at the same time the government is trying to encourage more outside investment.

Telekom Austria approves €1B rights issue

Telekom Austria shareholders approved plans to raise the operator's share capital by €1 billion ($1.34 billion), with 98.1 per cent of the votes cast in favour of the move.

Telekom Austria cuts 2014 outlook, posts H1 loss on Bulgaria writedown

Telekom Austria predicted a higher drop in 2014 sales than it previously forecast after reporting bigger-than-expected declines in second-quarter earnings and revenue, and a net loss of over €300 million ($400 million) for the first half of the year.

America Movil gets green light to consolidate Brazil operations

América Móvil cleared a key hurdle in moving ahead with its plan to merge its three Brazil-based service providers--Claro, NET Servicos and Embratel--into a single company as Brazil regulator Anatel approved the plan.

KPN sees light at the end of the tunnel after positive Q2

Dutch operator KPN predicted its financial performance will stablise towards the end of 2014, after its second quarter earnings exceeded analyst estimates thanks to customer gains and cost cuts.

Report: Austrian state expects to maintain Telekom Austria stake

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 quells speculation that it might purchase T-Mobile

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.

America Movil's pay TV additions drive up wireline-revenue generating units to 71.8M

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 to own over half of Telekom Austria

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.