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Tag: america movil
America Movil takes control of Telekom Austria for 743m
2014-07-15 02:00:00| Total Telecom industry news
Mexican telco giant holds 50.8% of Austrian incumbent following public tender offer.
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austria
America Movil asset sale should be across the board - Slim
2014-07-12 02:32:56| Telecom - Topix.net
America Movil, Latin America's biggest telecoms company, will move quickly to put an "attractive" cross-section of the company up for sale as it sheds assets to escape tougher regulation of the phone and broadcasting markets in Mexico, billionaire owner Carlos Slim said.
America Movil contracts ALU for Dom Rep LTE rollout
2014-07-10 02:00:00| Total Telecom industry news
Franco-U.S. vendor has already deployed first phase of 4G overlay network in major cities.
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rep
America Movil to sell assets to avoid Mexican regulation
2014-07-09 08:53:00| Telecompaper Headlines
(Telecompaper) America Movil announced plans to divest some of its assets in Mexico in order to avoid further regulation as a dominant operator. The company's Mexican subsidiaries Telmex and Telcel were designated "preponderant economic agents" earlier this year under reforms of Mexican telecom law. They are set to face further asymmetric regulation under another round of reforms going through congress. America Movil said it would sell certain assets in Mexico to a "new and solid carrier" independent from America Movil that has the experience and resources to develop the activities and "overcome the obstacle of the insufficient investment made by our Mexican competitors". The company did not say which assets are concerned or who the potential buyer could be, but said it expects to receive a commercial price for the activities. In addition, Telcel will spin off all its base station sites, including towers and related passive infrastructure, into a new company and open these up for use by competitors. In the fixed market, Telmex is waiving its option to acquire 51 percent of pay-TV provider Dish Mexico. However it will continue to work with Dish on distributing and supporting its services. Telmex noted the same support services, such as billing and equipment rental, are available to other carriers, including cable and satellite providers. The proposals remain subject to a number of approvals, including government and regulatory bodies and the company's own board and shareholders.
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America Movil to Break Up Mexico Unit Amid Regulator Demands
2014-07-09 07:04:48| Telecom - Topix.net
America Movil SAB plans to break up its Mexican business, bending to new antitrust rules that threatened profit-crushing restrictions if billionaire Carlos Slim's communications giant remained dominant.
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mexico
unit
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