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Tag: america movil
America Movil growth slows on weak Mexican market
2013-10-25 08:05:00| Telecompaper Headlines
(Telecompaper) America Movil reported a slowdown in third-quarter results, hurt by the weak economy in its home market Mexico. Revenues rose just 0.7 percent to MXN 194.2 billion, and EBITDA fell 5.8 percent from a year earlier to MXN 63.3 billion. At constant exchange rates, revenue rose 7.5 percent, and EBITDA was down 0.5 percent. The company's net profit nearly halved, to MXN 16.4 billion versus MXN 30.5 billion a year ago, as it moved to forex losses of MXN 9.0 billion. Net debt was up by MXN 68 billion from the start of the year, to MXN 440 billion, but was still at just 1.66 times EBITDA. America Movil's subscriber growth remained strong in the quarter, with the mobile base growing by 3.1 million in the three months to 265 million. This included almost a million new customer at Claro in Brasil and around half a million each in Colombia, Mexico and Central America. The fixed-line base grew by 1.4 million revenue-generating units compared to June to a total 68.3 million. This included 698,000 new TV customers, 470,000 broadband subscribers and 256,000 fixed lines.
Tags: market
america
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America Movil seen reporting mixed Q3 results
2013-10-24 02:00:00| Total Telecom industry news
Analysts Mexican operator's net profit to fall by 25%.
Tags: results
america
reporting
mixed
America Movil pulls KPN offer
2013-10-17 02:00:00| Total Telecom industry news
Analyst claims possible Brazil consolidation could be behind Mexican telco giant's withdrawal.
Tags: offer
america
pulls
movil
Mexico's America Movil gives up plans to buy KPN
2013-10-16 22:31:10| Telecom - Topix.net
Mexican carrier America Movil said Wednesday it has abandoned plans to tender an offer for Dutch telecom Royal KPN NV.
America Movil abandons KPN take-over bid
2013-10-16 20:27:00| Telecompaper Headlines
(Telecompaper) America Movil has decided to not execute its intended offer on the remaining shares of KPN of EUR 2.40 per share. The operator already owns 29.8 percent of KPN's shares. During the last few weeks talks about the take-over have been held and several sources said that the talks were in the end stage. But KPN did not want to talk anymore if America Movil did not increase its bid. A KPN spokesperson told Telecompaper that its board of directors and supervisory board are currently studying America Movil's announcement with a reaction expected later this evening or tomorrow morning.
Tags: america
bid
takeover
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