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America Movil

Latest Headlines

Latest Headlines

BT Americas eyes Mexico as possible expansion target

Executives with BT Americas are looking at how they can gain a larger foothold in Mexico by making use of new laws that are focused on encouraging competition and inviting foreign companies to invest in the country's telecom market.

Telekom Austria raises €997M; rolls out LTE-A in Austria and Slovenia

Telekom Austria has completed a capital increase announced earlier in November, raising total proceeds of €997 million ($1.24 billion) from the cash call but not quite achieving its goal of obtaining €1 billion in extra funding.

AT&T's Stephenson: Iusacell deal will create synergies with Cricket prepaid biz

AT&T CEO Randall Stephenson said he is enthusiastic about the growth prospects for the company in Mexico following the company's announcement of a $2.5 billion deal to purchase Mexican operator Iusacell. He also said that a large portion of the customer base of AT&T's Cricket prepaid brand has personal connections to the Mexican market, and there will be synergies between Cricket and Iusacell.

Analysts: AT&T's $2.5B Iusacell deal could lead to a bigger Latin American push

AT&T's decision to buy No. 3 Mexican wireless carrier Iusacell for $2.5 billion is likely a precursor to a larger move by AT&T into the Latin America market, potentially via a deal for some of América Móvil's assets or a push into Brazil, according to financial analysts. The deal could also possibly make it more likely that América Móvil will look to make a deal with T-Mobile US, though América Móvil has said it is not in talks with T-Mobile.

Telekom Austria announces €1B capital increase

Telekom Austria has finally revealed the timing for its long-awaited capital increase of up to €1 billion ($1.24 billion), with América Móvil and state-owned ÖIAG together committing to 88.12 per cent of the cash call in order to remain core shareholders.

Altice makes €7B bid for Portugal Telecom

Altice has launched a fully financed €7 billion ($8.8 billion) offer to buy Portugal Telecom from Oi in a move that could also boost the Brazil-based group's plan to focus on a joint bid for Telecom Italia's TIM Brasil unit.

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.