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US: DS Waters of America buys Hillcrest Springs

2013-02-13 14:24:00| Daily beverage news and comment - from just-drinks.com

DS Waters of America has acquired home and office bottled water delivery business Hillcrest Springs for an undisclosed sum.

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America Movil Q4 revenues down 1%, margins lower

2013-02-13 08:31:00| Telecompaper Headlines

(Telecompaper) America Movil reported fourth-quarter revenues down 1.1 percent to MXN 198 billion, hurt by the stronger peso. At constant exchange rates, service revenues rose 5.2 percent year-on-year and total revenues were up 5.8 percent, driven by growth in the mobile and pay-TV markets. EBITDA fell 8.0 percent to MXN 61.7 billion or 31.1 percent of sales, hurt by growth in low-margin businesses such as pay-TV and Tracfone and higher subsidies on smartphones. The net profit declined 8.2 percent to MXN 15.0 billion or MXN 0.20 per share. America Movil's net debt rose to MXN 372.2 billion at year-end from MXN 332.1 billion a year earlier due to borrowing to fund its acquisitions of stakes in KPN and Telekom Austria. Capex of MXN 130.9 billion last year was funded from operating cash flow. The company finished the year with 325.7 million access lines, 8.7 percent more than a year before. The mobile customer base grew by 5.6 million in Q4 to 261.6 million, driven by growth in Brazil, Mexico, the US and Colombia. RGUs at the fixed-line business increased by 1.4 million in the quarter to 6.3 million.

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America Movil sees 2013 capex of around $10bn

2013-02-13 01:00:00| Total Telecom industry news

Company to make announcement next week about Dutch telco KPN's 4 billion rights offering.

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Telefonica Said to Defer Latin America IPO as Pressure Eases

2013-02-11 23:42:30| Telecom - Topix.net

Telefonica SA suspended preparations for an initial public offering of its Latin American business after a stake sale in its German unit and a bond issue relieved funding needs, people with familiar with the matter said.

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Bank of America Corp.'s Preferred Stock, Series 3 Ex-Dividend Reminder

2013-02-11 23:24:36| Paper - Topix.net

On 2/13/13, Bank of America Corp.'s 6.375% Non-Cumulative Preferred Stock, Series 3 will trade ex-dividend, for its quarterly dividend of $0.3984, payable on 2/28/13. As a percentage of BML.PRI's recent share price of $25.32, this dividend works out to approximately 1.57%, so look for shares of BML.PRI to trade 1.57% lower - all else being equal - ... (more)

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