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Tag: america movil
Telekom Austria board neutral on America Movil bid
2014-05-28 09:22:00| Telecompaper Headlines
(Telecompaper) The management board of Telekom Austria has given a neutral opinion on America Movil's proposed takeover for the company. In a report on its evaluation of the bid, the board said it would not give a specific recommendation on whether shareholders should accept or reject the offer. The management's own plans suggest a higher enterprise value for the company than the EUR 7.15 per share offered by America Movil. At the same time this is based on the assumption that the operator's key markets will recover eventually - something uncertain at the moment. Furthermore the management's discounted cash flow valuation does not take into account any of the expected synergies from working with the larger America Movil group or the planned EUR 1 billion capital increase. The board's report further lays out the pros and cons of the takeover bid and remaining independent. Telekom Austria's supervisory board backed the management and also refrained from issuing a specific opinion on the bid.
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Make up your own minds on America Movil, Telekom Austria tells shareholders
2014-05-28 02:00:00| Total Telecom industry news
Austrian incumbent's supervisory and management boards decline to make a recommendation on Mexican telco's takeover offer.
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america
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America Movil launches 1.4bn Telekom Austria takeover bid
2014-05-16 02:00:00| Total Telecom industry news
Shareholders given until 10 July to weigh 7.15 per share offer.
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austria
bid
telekom
Telekom Austria, America Movil ink wholesale deal
2014-05-09 02:00:00| Total Telecom industry news
Deal gives telcos a joint footprint of 200 PoPs; builds on Austrian incumbent's KPN deal.
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America Movil growth slows on forex effects
2014-04-30 09:06:00| Telecompaper Headlines
(Telecompaper) America Movil saw its growth slow in the first quarter, due to negative currency effects and the increased regulation in its home market Mexico. Revenues were up 1.3 percent from a year ago to MXN 195.4 billion, and EBITDA rose 1.7 percent to MXN 64.9 billion. Excluding forex effects, the figures were up respectively 6.9 and 6.7 percent. Net profit was hurt by increased financing costs, dropping 48.3 percent to MXN 13.9 billion or MXN 0.20 per share. The company spent MXN 19.1 billion on capital investments in the quarter, while also reducing debt by MXN 2.2 billion, buying back MXN 12.6 billion in shares and acquiring assets for MXN 1.4 billion. Net debt of MXN 440 billion was worth 1.6x annual EBITDA at the end of March. America Movil finished the quarter with 272.2 million mobile customers, up by 2.3 million from three months earlier. The net additions included 1.4 million from the acquisition of Page Plus in the US and 769,000 new postpaid customers, as well as 980,000 disconnections of inactive customers in Latin America. The number of revenue-generating units in the fixed market rose by 1.2 million in the quarter, of which 571,000 in TV and 492,000 in broadband, to a total 70.7 million at the end of March.
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