California greenlights Verizon’s TracFone acquisition
California’s Public Utilities Commission has approved Verizon’s plan to acquire TracFone, but with a few strings attached.
Telecoms.com
America Movil
America Movil and Liberty LatAm get cosy in Chile
America Movil and Liberty Latin America have agreed to merge their operations in Chile, a move clearly designed to help with fibre and 5G investments in the coming years.
Liberty LatAm spends $200m on America Movil’s Panama ops
Liberty Latin America has agreed to acquire America Movil’s operations in Panama for US$200 million, boosting its existing presence in the country.
America Movil spins off towers, but likely to keep control
America Movil has become the latest big-name telco to announce a plan to spin off towers with a view to maximising the value of those passive infrastructure assets.
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.
Bidding war for Brazil’s Oi begins to emerge
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.
Vodafone Business and América Móvil team up to woo IoT customers
The B2B group of Vodafone has entered a partnership agreement with América Móvil to provide IoT operators with international roaming service for things.
América Móvil strengthens its position in Brazil with Nextel acquisition
The Latin American mobile heavyweight América Móvil has agreed to acquire its competitor Nextel in the Brazilian market for $905 million.
Quarterly earnings round-up – AT&T, AMD, Juniper and America Movil
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.
Telcel gets a slim win
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.
Quarterlies roundup: América Móvil, Telia, KPN and SK Telecom
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.
Ericsson and América Móvil bring 5G and IoT to Brazil
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.
América Móvil heats up Mexican market with free US roaming
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.
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 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.
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.
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 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 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.
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.
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