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Slim's America Movil Said to Hire Bank of America to Sell Assets
2014-09-01 08:03:58| Telecom - Topix.net
America Movil SAB, Latin America's largest wireless provider, has hired Bank of America Corp. to sell phone assets as part of a breakup plan to appease Mexican lawmakers, according to people familiar with the matter.
America Movil profit up in Q2 on lower financial costs
2014-07-22 09:17:00| Telecompaper Headlines
(Telecompaper) America Movil signaled plans to step up investment in networks as its revenue and customer growth started to slow. The company posted second-quarter revenues up 4.0 percent year-on-year to MXN 202.6 billion, while service revenues excluding currency effects increased 5.8 percent. EBITDA rose 2.4 percent to MXN 66.6 billion and increased 4.7 percent at constant exchange rates. Operating profit fell 3.3 percent to MXN 39.2 billion due to higher depreciation and amortisation of investments. Net profit was up 32.7 percent from a year ago to MXN 18.8 billion thanks to a reduction in financing costs. Capital expenditure reached MXN 45.6 billion in the quarter, or over 22 percent of revenues, while net debt was reduced by MXN 30.9 billion to 412.3 bilion. America Movil said it raised MXN 5.7 billion in the quarter in part from selling some of its shares in Dutch operator KPN. The operator finished the quarter with 338.7 million revenue-generating units, up by 3.0 percent from a year earlier. The mobile customer base rose by 524,000 in the three months, led by growth in Brazil and Mexico, to a total 266.9 million customers at the end of June. Fixed-line RGUs were up 1.2 million in the quarter to 71.8 million, including 309,000 new fixed telephony customers, 364,000 new broadband subscribers and 608,000 additional pay-TV clients.
Tags: lower
america
costs
financial
America Movil Q2 hit by new regulations in Mexico
2014-07-22 02:00:00| Total Telecom industry news
Removal of national roaming and reduction in MTRs impacts on Mexican telco's mobile voice revenues, EBITDA.
Tags: hit
america
mexico
regulations
America Movil Increases Telekom Austria Stake by $1 Billion
2014-07-15 11:07:59| Steel - Topix.net
America Movil SAB will pay 743 million euros to boost its stake in Telekom Austria AG to 50.8 percent days after billionaire Carlos Slim agreed to carve up his telecommunications empire in Mexico.
Tags: america
austria
increases
billion
America Movil secures just over 50% of Telekom Austria
2014-07-15 09:59:00| Telecompaper Headlines
(Telecompaper) America Movil announced that 23.47 percent of Telekom Austria's shares were tendered in its takeover bid, raising its total stake to 50.80 percent of the operator. The Mexico-based operator agreed in May a joint shareholding pact with the Austrian government, which will retain a 25 percent stake in the company. America Movil's public bid of EUR 7.15 per share closed on 10 July. Shareholders can continue to sell shares at the same terms for another three months.
Tags: america
austria
telekom
secures
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