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America Movil aborts deal to acquire Telefonica's El Salvador unit
2020-09-04 09:20:00| Telecompaper Headlines
(Telecompaper) America Movil has announced the termination of its deal to acquire 99.3 percent of Telefonica's Movistar El Salvador unit due to the strict anti-trust conditions imposed by the country's competition watchdog. The decision is by mutual agreement and comes "after careful consideration by both parties of the conditions to obtaining regulatory approval established by the Superintendencia de Competencia in their recent ruling on the proposed transaction," said the Mexican telecommunications giant in a statement.
Tags: america
unit
deal
salvador
America Movil revenue growth slows in Q2 as over 5 mln mobile customers lost
2020-07-15 08:48:00| Telecompaper Headlines
(Telecompaper) America Movil said it lost over 5 million mobile customers in the second quarter, as Covid-19 lockdown measures across almost its entire footprint impacted especially the prepaid market. Fixed customers continued to grow, with 450,000 broadband subscribers added, and underlying service revenues were 0.8 percent higher year-on-year in Q2.
Tags: mobile
lost
america
growth
America Movil to invest USD 8.5 bln in 2020, launch 5G in H2 - CEO
2020-02-14 12:17:00| Telecompaper Headlines
(Telecompaper) America Movil has plans to spend another USD 8.5 billion on capital expenditures in 2020, similar to last year's investment, to continue expanding its fibre-optic infrastructure throughout Latin America and launch its first 5G networks, said the company's CEO Daniel Hajj, according to Reuters. In a call with investors following the publication of America Movil's full-year results, Hajj said 5G services will likely debut in Mexico this year and may arrive in Brazil as well, depending on the availability of spectrum.
America Movil hit with USD 70 million Telnor fine
2020-01-28 10:31:00| Telecompaper Headlines
(Telecompaper) Mexican telecommunications regulator IFT has fined America Movil's fixed-line unit Telnor a total of MXN 1.31 billion (around USD 70 million) for breaching the requirement to share information about the availability of its passive infrastructure, such as posts and ducts, with rivals via the electronic management system SEG.
Tags: hit
america
fine
million
America Movil fined $69.5 million by Mexican regulator
2020-01-28 01:00:00| Total Telecom industry news
Mexico’s telecoms regulator, the Federal Telecommunications Institute (IFT), has issued a fine of 1.3 billion pesos (~$69.5 billion) against the country’s biggest mobile operator, America Movil. The regulator decided to levy the fine after the company&rsquo…read more on TotalTele.com »
Tags: america
million
mexican
regulator
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