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Tag: america movil
America Movil proposes Mexican towers spin-off
2015-04-01 20:17:00| Telecompaper Headlines
(Telecompaper) America Movil announced that it will propose a spin-off of assets relating to its mobile telephony business in Mexico to shareholders at a meeting scheduled for 17 April. The newly created company will include mainly passive infrastructure used by its Mexican mobile unit Telcel, as well as take over part of the company's debt. It would be listed separately on the stock market. America Movil aims to complete the spin-off by May or June, the company's CEO Daniel Hajj previously said during a conference call with investors in February. The move is expected to open up the infrastructure to use by other operators and help free America Movil from some of the new regulations in Mexico aimed at reigning in its dominant position.
Tags: america
mexican
towers
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America Movil expects to complete mobile tower sale in Q2
2015-02-12 01:00:00| Total Telecom industry news
CEO said plans to spin off the telco's mobile towers into a new company are at an advanced stage.
Tags: complete
sale
mobile
america
America Movil net profit down 78% in Q4 on forex effects
2015-02-11 08:02:00| Telecompaper Headlines
(Telecompaper) America Movil reported fourth-quarter net profit down 77.8 percent from a year earlier to MXN 3.612 bilion, hurt by fluctuations in exchange rates. EBITDA was also down 0.7 percent to MXN 67.67 billion, and EBIT dropped 5.2 percent to MXN 33.63 billion due to higher deprciation and amortisation charges. Pro forma for the acquisition of Telekom Austria, revenues rose 2.7 percent year-on-year to MXN 229.3 billion. At constant exchange rates, service revenue growth slowed to 3.2 percent, as regulatory cuts in interconnection rates in markets such as Mexico and Brazil impacted voice revenues. Mobile data continued to be the strongest growth driver, with revenues up 14.6 percent, followed by pay TV revenues up 12.7 percent. Fixed broadband revenues increased by 12.0 percent. Overall, service revenues rose 0.7 percent to MXN 197.44 billion, and equipment revenues increased 14.7 percent to 31.86 billion. Net debt increased slightly over the year on a pro forma basis, to MXN 533.4 billion from MXN 518.6 billion, and was equal to 1.7 times EBITDA after adjusting for currency exposure. America movil spent MXN 149.7 billion on capex last year, equal to 16.9 percent of revenues, while also returning MXN 52.1 billion to shareholders in dividends and share buybacks.
America Movil wins 3G, 4G spectrum in Argentina
2014-11-27 01:00:00| Total Telecom industry news
SeCom announces Claro as first company to win airwaves in last month's auction.
Tags: in
america
argentina
spectrum
Oi, America Movil, Telefonica to bid for Brazil's TIM: sources
2014-10-31 22:09:52| Telecom - Topix.net
Brazil's Grupo Oi SA, Mexico's America Movil SAB and Spain's Telefonica SA agreed to place a joint bid worth around 32 billion reais for control of TIM ParticipaA A es SA , which owns about 67 percent of TIM ParticipaA A es, said the first source, who requested anonymity since the deal is in the works. A bid could be presented within two weeks, both sources added.
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