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Tag: mexican
America Movil growth slows on weak Mexican market
2013-10-25 08:05:00| Telecompaper Headlines
(Telecompaper) America Movil reported a slowdown in third-quarter results, hurt by the weak economy in its home market Mexico. Revenues rose just 0.7 percent to MXN 194.2 billion, and EBITDA fell 5.8 percent from a year earlier to MXN 63.3 billion. At constant exchange rates, revenue rose 7.5 percent, and EBITDA was down 0.5 percent. The company's net profit nearly halved, to MXN 16.4 billion versus MXN 30.5 billion a year ago, as it moved to forex losses of MXN 9.0 billion. Net debt was up by MXN 68 billion from the start of the year, to MXN 440 billion, but was still at just 1.66 times EBITDA. America Movil's subscriber growth remained strong in the quarter, with the mobile base growing by 3.1 million in the three months to 265 million. This included almost a million new customer at Claro in Brasil and around half a million each in Colombia, Mexico and Central America. The fixed-line base grew by 1.4 million revenue-generating units compared to June to a total 68.3 million. This included 698,000 new TV customers, 470,000 broadband subscribers and 256,000 fixed lines.
Tags: market
america
growth
weak
After spurning takeover attempt by Mexican billionaire Slim, KPN reports loss in third quarter
2013-10-22 15:27:25| Telecom - Topix.net
Royal KPN NV, the Dutch telecommunications company that rejected a takeover bid by Mexican billionaire Carlos Slim this month, reported a large loss for the third quarter, citing weak business conditions, high investment costs, and an accounting charge.
Tags: reports
third
loss
attempt
Mexican Pork Imaging Campaign Delivering Results
2013-10-21 17:35:00| National Hog Farmer
By Chad Russell, U.S. Meat Export Federation - Mexico A U.S. industry-funded, multi-year imaging campaign designed to improve Mexican consumers perceptions of pork and raise consumption levels is generating positive results after its launch two years ago. read more
Tags: results
campaign
mexican
imaging
Mexican Judge Puts Temporary Halt on GM Maize Tests
2013-10-21 02:00:00| ThePigSite - Industry News
ANALYSIS - A Mexican judge took a precautionary measure and ordered the government to stop giving permits to transnational companies for planting genetically modified (GMO) corn at an experimental and commercial scale, writes Chris Wright, Senior Editor.
Tags: tests
temporary
judge
puts
Mexican government recovers 68% of 2.5 GHz spectrum
2013-10-16 07:19:00| Telecompaper Headlines
(Telecompaper) The Mexican Ministry of Transport and Communications has reached an agreement with companies holding broadcast spectrum to recover 68 percent of the disputed 2.5 GHz spectrum. Nine of the eleven operators affected by the spectrum recovery plan, including MVS Multivision, voluntarily signed the agreement. The government thus recovers 130 of the 190 MHz spectrum within the band. Concessions for the remaining 60 MHz have been extended for 15 years.
Tags: government
spectrum
mexican
ghz
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