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Tag: america movil
Slim's America Movil eyes European fixed-line telcos
2015-08-13 05:03:24| Telecom - Topix.net
America Movil is still sniffing out deals in Europe, which could become twice as important for the Mexican telecom company's revenue base within five years, its chief financial officer said on Wednesday. Shares of America Movil, which is controlled by the family of billionaire Carlos Slim, are down more than 5 percent this year as it grapples with the prospect of competition from AT&T Inc, tough new regulation in its biggest market, Mexico, as well as likely recession in its second-largest market, Brazil.
Tags: america
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America Movil posts fall in Q2 revenues, EBITDA
2015-07-17 08:33:00| Telecompaper Headlines
(Telecompaper) America Movil reported second-quarter revenues down 0.1 percent to MXN 220 billion, hurt by weak results in its home market Mexico, the economic slowdown in its largest market Brazil and currency effects. EBITDA fell 5.0 percent to MXN 68.3 billion pesos, and the EBITDA margin declined from 32.6 percent to 31.1 percent. At constant exchange rates, service revenues were down 0.5 percent in the period, and EBITDA fell 3.1 percent. Operating profit was still up 2.2 percent to MXN 36.3 billion, helped by lower depreciation, amortisation and impairment charges. While the company recorded a 24 percent drop in financing costs, increased losses from its affiliates in Europe (Telekom Austria and KPN) led to a 16 percent fall in net profit to MXN 14.0 billion. Over the first half of the year, America Movil's capital expenditures reached MXN 70.9 billion, and it also spent MXN 23.1 billion on share buybacks.
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america
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America Movil hits back at AT&T with N America roaming plan
2015-07-17 02:00:00| Total Telecom industry news
Mexican telecoms group reports 5% decline in EBITDA in second quarter.
America Movil mulls move into India
2015-05-28 02:00:00| Total Telecom industry news
Mexican operator linked with move for Videocon after Slim visits a number of Indian telcos.
Tags: america
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india
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America Movil to issue bonds exchangeable for KPN shares
2015-05-20 10:51:00| Telecompaper Headlines
(Telecompaper) America Movil announced plans to issue bonds exchangeable into KPN shares. The offering is expected to raise EUR 2.25 billion, with an option to increase this by EUR 250 million. The bonds will have a maturity of five years and are expected to pay a coupon of between zero and 0.5 percent per year. The exchange premium is expected to be 40-45 percent above the reference price of KPN shares. The reference price will be the volume weighted average price of KPN ordinary shares traded in Amsterdam on 20 May. America Movil will have the option to redeem the shares after 2.5 years if KPN's share price increases to a certain level. If redeemed at maturity, the bonds may be settled in cash, the underlying KPN shares or a combination of the two. After the issue, America Movil said it has agreed not to place any further KPN shares for 90 days. The offering appears to be a way to dispose of the KPN shares, as the Mexico-based company said it did not have a specific purpose for the bond proceeds. America Movil built up a stake of over 20 percent in the Dutch operator, but its attempt to acquire the Dutch operator in 2013 failed after it was unable to reach agreement on price and terms with the KPN management.
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