America Movil

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 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 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.

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.

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.

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.

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.

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.

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.

America Movil eyes full control of KPN

Latin American operator group America Movil has made an offer to acquire the outstanding shares in Dutch operator group KPN. The Mexico-based firm already owns a 29.8 per cent stake in the operator but is looking to own it outright, or at least secure a majority share, as it steps up its efforts to expand further into Europe.

América Móvil free to raise stake in KPN

Mexico based operator group América Móvil could increase its stake in European operator group KPN after ending a truce to cap its stake in the Dutch based firm.

Operator boards to blame for lack of innovation

The boards of the world’s ten largest operators are dominated by executives with legal, financial and engineering backgrounds, resulting in a conservative culture that “struggles to drive and nurture innovation”, according to recruitment consultancy European Leaders.

America Movil invests $40m in Shazam

Latin American operator group America Movil has invested $40m in music recognition app Shazam. The move strengthens Shazam’s presence in Latin America, according to the app maker, as it looks to grow its similar television offering and develop other new products.

Claro Chile launches LTE services

América Móvil-owned operator Claro Chile has launched the country’s first commercial LTE services. The launch follows trials launched in November 2012. The operator conducted the first LTE session on its network in March this year.

Verizon up, TeliaSonera, America Movil down

This week US operator Verizon reported a net profit of $1.95bn for the first quarter of 2013, a 16 per cent year on year increase compared with the $1.69bn generated in 1Q12. The firm’s first-quarter revenues hit $29.4bn, marking a 4.2 per cent increase on 1Q12.

Mexico proposes regulatory reform

Mexico could be on the verge of a major reform of its telecoms sector after the country’s three main political parties agreed to support proposals for a much stronger regulatory regime.

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