América Móvil backtracks on US expansion with Tracfone sale
América Móvil is not planning to build on its presence in the US mobile market, despite its Tracfone business having built up a sizeable customer base.
América Móvil is not planning to build on its presence in the US mobile market, despite its Tracfone business having built up a sizeable customer base.
Telecom Italia, American Movil and Telefonica have renewed a joint effort to purchase Oi’s mobile business unit after being outbid by US private equity firm Colony Capital.
The B2B group of Vodafone has entered a partnership agreement with América Móvil to provide IoT operators with international roaming service for things.
The Latin American mobile heavyweight América Móvil has agreed to acquire its competitor Nextel in the Brazilian market for $905 million.
AT&T misplaces quite a lot of customers, AMD warns of a poor Q4, Juniper profitability slides and America Movil feels impact of natural disasters.
Mexico’s largest operator has prevailed in a court case that reverses a ruling made four years ago preventing it charging its rivals for termination services.
It’s quarterlies season once again with the results coming through thick and fast after América Móvil, Telia, KPN and SK Telecom all reported their numbers.
Latin America’s first test systems for 5G networks and IoT are to be installed in Brazil from 2016 in a joint partnership between kit vendor Ericsson and mobile operator América Móvil.
There’s a storm brewing in Mexico it would seem, as América Móvil unveiled its 2Q15 results and introduced a new policy for Mexico-US roaming for its Mexican subsidiary, Telcel.
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 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.
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.
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 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 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.
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.
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.
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_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.
Latin American operator group America Movil has announced its intention to acquire all outstanding shares in European operator group Telekom Austria.
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