AT&T sold 7.5 percent of its stake in América Móvil, netting the company about $564 million and returning AT&T's total stake in the telecom giant to its historic level of around 9 percent.
LAS VEGAS--Walmart's top mobile executive said that the Straight Talk service offered by América Móvil's U.S. MVNO, TracFone Wireless, is the fastest growing part of its sprawling mobile business.
América Móvil's U.S. MVNO, TracFone Wireless, acquired Start Wireless' Page Plus Cellular, an MVNO that counts around 1.4 million customers in the United States. The action is TracFone's second major acquisition after its purchase of T-Mobile US MVNO Simple Mobile and its 1 million customers almost exactly a year ago.
The following charts the top U.S. wireless carriers in the first quarter of 2013 by subscriber base, according to research firm Strategy Analytics, and includes major metrics--such as churn, ARPU and revenue--of each carrier.
América Móvil's U.S. TracFone unit reported stronger subscriber growth and gains in average revenue per user in the first quarter. Though the parent company did not mention it, TracFone's Straight Talk launched support for Apple's iPhone in January, which likely helped boost its first quarter numbers.
How did the wireless industry perform in the first quarter quarter of 2013? Check here throughout the first-quarter earnings report season for full earnings reports from the wireless industry's carriers, handset makers, equipment suppliers and others.
Straight Talk, a prepaid wireless service from América Móvil's MVNO TracFone Wireless, took to its corporate blog to deny claims that it only offers users 1.5 GB of data per month.
The U.S. Senate voted against a proposal that would have cut cell phones out of the FCC's Lifeline program. The vote, largely along party lines, likely will generate a sigh of relief among the likes of TracFone, AT&T Mobility, Sprint Nextel and other wireless carriers that receive Lifeline funds in order to provide wireless service to low-income Americans.
The following charts the top U.S. wireless carriers in the fourth quarter of 2012 by subscriber base, according to research firm Strategy Analytics, and includes major metrics--such as churn, ARPU and revenue--of each carrier.
América Móvil's U.S. MVNO, TracFone Wireless, posted net subscriber gains of 753,000 customers in the fourth quarter, much higher than the year-ago period and better than its net subscriber additions in the first three quarters of 2012. It is unclear if the company was affected earlier this year by regulatory changes to the FCC's Lifeline program, in which TracFone is a key player.