tag: america-movil

The Mexican regulator seemed keep to get this deal through

Televisa closes Iucasell stake sale, acquires Telecable

Mexican broadcaster Grupo Televisa has acquired telco firm Telecable, the trading name of Cablevision Red, for MXN3 billion. Coinciding with the acquisition, the conglomerate also announced the closing of the sale of its 50% stake in Iucasell to the operator’s other owner Grupo Salinas.

Telekom Austria has a few more euros in its trolley

Telekom Austria raises almost €1 billion through share sale

Telekom Austria has announced it has completed a capital increase through issuing 221.5 million new shares, bringing the total to 664.5 million. Managing to raise €997 million in net proceeds in the process, the Austrian incumbent almost reached its original target of €1 billion.

The Mexican regulator seemed keep to get this deal through

AT&T to acquire Mexico’s Iusacell

AT&T has announced it has agreed to acquire Iusacell from Grupo Salinas for $2.5 billion, including the mobile operator’s debt, all wireless properties and its 8.6 million subscribers. However, the transaction will only take place once Grupo Salinas has finalised its purchase of 50% of Iusacell that it currently doesn’t own.

Portugal Telecom could soon have a new onwer

Altice bids for Portugal Telecom

France-based cable group Altice has made an official bid to acquire the Portuguese assets of Portugal Telecom (PT) from Brazilian Oi for €7.03 billion. The assets in question include the Portuguese incumbent’s business excluding African operations, its Rioforte debt securities, Oi treasury shares and PT’s financing vehicles.

SoftBank's CEO Masayoshi Son ponders América Móvil assets?

SoftBank eyeing up América Móvil wireless assets – report

SoftBank is considering buying the wireless assets of Carlos Slim-owned América Móvil, according to a report. Apparently the Japanese tech giant has asked US subsidiary firm Sprint’s CEO Marcelo Claure to gather information on the business up for sale on its behalf.

Telecom Italia and AT&T both have their eyes on  Latin America

Telecom Italia and AT&T both mull LatAm acquisitions

Telecom Italia is said to be weighing up the possibility of buying Brazilian telco Oi in a bid to strengthen its local arm TIM Brazil) position in the South American market, where it looks likely to get squeezed if Telefónica’s purchase of GVT goes through as planned.

Carlos Slim needs to dispose of some assets

América Móvil announces asset sale to placate Mexican regulators

Mexican telco giant América Móvil has announced it will dispose of a bunch of its Mexican assets in order reduce its overall share of the Mexican mobile market, and thus avoid special regulatory restriction that have come into effect on the back of new laws.

Carlos Slim needs to dispose of some assets

AT&T flogs America Movil stake

US carrier AT&T has offloaded an 8.27 per cent stake, worth around $5.6bn, in Latin American operation America Movil, as it seeks to fund its acquisition of DirecTV. The America Movil shares were snapped up by the company’s billionaire owner, Carlos Slim, via his holding company Inmobiliaria Carso.

Liquid Telecoms is rolling out FTTH across Africa

Telekom Austria, America Movil create international fibre net

Telekom Austria Group and América Móvil on Friday unveiled a deal that proposes to create one of the world’s largest fibre networks, with a joint footprint with 200 Points of Presence (PoP) within 47 countries, through the interconnection of networks offering voice, roaming, data and mobile services.

Telekom_Austria_logo

Telekom Austria reports Q1 profit drop

Telekom_Austria_logoTelekom Austria, the Austrian incumbent of which America Movil’s Carlos Slim is currently attempting to gain full control, has reported a year on year decline of 26.5 per cent in net profit for the first quarter of 2014. Group revenues for the firm, which has operations in a number of Central and Eastern European markets, were down seven per cent to €975.9m, yielding profit of €40.8m.

Telekom Austria CFO Hans Tschuden has agreed to leave the firm following a conflict at the firm's AGM

Telekom Austria parts with CFO after America Movil conflict

Operator group Telekom Austria has parted ways with group chief financial officer Hans Tschuden. His exit appears to be over a conflict with the operator’s Works Council concerning Latin American operator group America Movil, which recently increased its shareholding in the firm.

Hannes Ametsreiter called the spectrum price a "bitter pill"

Telekom Austria CEO foresees increased foreign investment in Europe

The CEO of Telekom Austria, Hannes Ametsreiter, has told Telecoms.com that he expects to see increased investment in the European telecom sector and that some European telcos might see their headquarters shift outside of the region as a result. Telekom Austria is itself part owned by Mexican billionaire and America Movil CEO Carlos Slim, who is reportedly keen to take full ownership of the Austrian incumbent.

Carlos Slim needs to dispose of some assets

Slim raises stake in Telekom Austria

Latin American operator group America Movil has increased its stake in European operator group Telekom Austria. The LatAm group, controlled by billionaire Carlos Slim, has agreed to acquire 13.9 million shares in Telekom Austria, through Carso Telecom, a holding company owned by America Movil. The shares equate to a 3.14 per cent stake in the European group.

Carlos Slim needs to dispose of some assets

América Móvil drops KPN takeover bid

Latin American operator group América Móvil has abandoned its attempt to acquire Dutch operator KPN. The Mexican group said the blocking move made by the KPN Foundation in August had left it unable to “fulfil its aim” with the deal.

AT&T-DirecTV merger closer to reality with DirecTV shareholder approval

KPN shareholders approve E-Plus sale

Shareholders in Dutch operator group KPN have approved the sale of German subsidiary E-Plus to Telefónica Deutschland at an extraordinary general meeting.

Mobile operators worldwide are set to face a decline in revenue by 2018, according to Ovum

KPN to incur €3.7bn loss as a result of E-Plus sale

Dutch operator group KPN has announced it is expecting to make a loss of €3.7bn that it can deduct against taxes as a result of the sale of its German subsidiary E-Plus to Telefonica Deutschland.

Eric Hageman has left his role as KPN's group CFO

KPN CFO steps down

Dutch operator group KPN’s chief financial officer Eric Hageman has stepped down from his role, citing personal circumstances. His resignation comes as Latin American group America Movil attempts a full takeover of KPN; a deal that has met with a number of challenges.

Carlos Slim needs to dispose of some assets

América Móvil’s KPN deal threatened by KPN Foundation

Mexican operator América Móvil has said that it is prepared to withdraw its €2.40/share bid for ownership of Dutch incumbent KPN after the independent KPN foundation exercised an option to buy shares that has given it almost 50 per cent of the voting rights in the telco.

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