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America Movil underlying service revenue growth improves to 2.3% in Q2

2019-07-17 08:37:00| Telecompaper Headlines

(Telecompaper) America Movil said its underlying service revenue growth improved to 2.3 percent in the quarter, from 0.8 percent growth in the Q1. This excludes the effects of the stronger Mexican peso and Argentina, which is subject to hyper-inflation. Stronger mobile revenues, in Mexico, Colombia and the US, as well as continued expansion in fixed broadband drove the underlying growth. 

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America Movil and Telefonica's Telxius announce new Pacific undersea cable

2019-06-25 09:05:00| Telecompaper Headlines

(Telecompaper) America Movil and Telefonica's infrastructure subsidiary Telxius have announced plans to roll out a new 7,300 km submarine cable along the Pacific coast of Latin America. The two largest telecommunication groups in Latin America said the cable will connect Puerto San Jose (Guatemala) with Valparaiso (Chile) and have additional landing points in Salinas (Ecuador), Lurin (Peru) and Arica (Chile). It will have an initial estimated capacity of 108 Tbps with six fibre pairs offering the lowest possible latency between Guatemala and Chile, combined with the highest levels of service, reliability and security, said the partners in a joint statement.

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America Movil acquires 100% of Brazil's Nextel for USD 905 mln

2019-03-18 11:57:00| Telecompaper Headlines

(Telecompaper) America Movil has announced an agreement to acquire 100 percent of Brazil's fifth largest mobile operator Nextel from NII Holdings and Access Industries Brazil Holdings for a total of USD 905 million on a cash- and debt-free basis. Under the terms of the deal, NII Holdings will receive 70 percent of the final net proceeds, with AI Brazil receiving 30 percent for the stake it acquired in June for around USD 70 million. 

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America Movil growth slows in Q4, service revenue falls 1.7%

2019-02-13 09:01:00| Telecompaper Headlines

(Telecompaper) America Movil reported flat revenues and EBITDA in the fourth quarter, as customer growth was offset by negative currency effects. Revenues fell 0.7 percent to MXN 262 billion, including a 1.7 percent fall in service revenue, and EBITDA was up 0.1 percent to MXN 70.6 billion. 

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Telefonica sells Guatemala, El Salvador units to America Movil for EUR 570 mln

2019-01-25 09:19:00| Telecompaper Headlines

(Telecompaper) America Movil has announced a deal to acquire Guatemala and El Salvador operations from Telefonica for a total of EUR 570 million. In a short statement, the Mexican telecommunications giant said it paid EUR 293 million for 100 percent of Telefonica's Guatemalan assets and EUR 277 million for 99.3 percent of Telefonica El Salvador. The transaction is subject to customary closing conditions, including regulatory approval for the El Salvador deal. It added that the acquisitions will boost its position in Central America, where it plans to provide next-generation services including 5G.

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