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Tag: america
Opinion: For some, multilingual - America' hits a sour note
2014-02-13 03:12:33| Beverages - Topix.net
BOB DYLAN took the Pepsi challenge and won. On any other Super Bowl Sunday, there'd have been controversy over Dylan's concession of beer manufacturing to Germany and phone assembly to Asia .
Tags: note
america
opinion
hits
America Movil trims stake in KPN
2014-02-12 12:30:00| Telecompaper Headlines
(Telecompaper) America Movil said it had a 27.1 percent stake in Dutch operator KPN at the end of 2013, down from the previously announced 29.7 percent. The announcement was made in the publication of its annual results. KPN CEO Eelco Blok told the Financial Times that the company was starting to repair relations with its largest shareholder, after rejecting America Movil's takeover bid last year. He admitted the relationship was "not really good" after the failed bid, but said it has since improved, although "not as good as it was before the offer". The America Movil members on KPN's board are "participating in a constructive manner", the CEO said, and the companies are looking at reforming their working groups, starting first with joint procurement. According to Blok, America Movil has not made clear any further intentions for KPN. The company is prohibited until April from launching a new bid for the group. The KPN CEO said the reason the previous bid broke down was "only about price", as America Movil was unwilling to increase its offer. KPN's shares are now worth around EUR 2.60 per share, compared to America Movi's offer of EUR 2.40.
America Movil grows net profit 15.7% in Q4
2014-02-12 08:44:00| Telecompaper Headlines
(Telecompaper) America Movil reported fourth-quarter net profit of MXN 17.2 billion, up 15.7 percent from a year earlier. The result included a charge of MXN 10.2 billion for foreign exchange losses. EBITDA improved 1.4 percent to MXN 63.5 billion, and revenues were up 3.1 percent to MXN 204 billion. Excluding exchange rate effects, EBITDA rose 5.7 percent and revenues rose 7.8 percent, with a 5.4 percent increase in service revenues. The main growth drivers were mobile data and pay-TV, which grew at constant rates by 18.8 and 21.8 percent respectively. America Movil finished the year 339 million revenue-generating units, up 4.2 percent from 2012. In the fourth quarter alone, the company added 4.8 million mobile customers and 1.2 million RGUs at its fixed-line businesses. This gave it a total 270 million mobile users and 69 million fixed RGUs at the end of 2013. The company's net debt increased over the year from MXN 372 billion to MXN 447 billion, equal to 1.7 times EBITDA. This helped fund MXN 130 billion in capital expenditure, MXN 86.5 billion in shareholder returns and MXN 15.4 billion on acquisitions last year.
Tags: net
america
profit
grows
4-2011: SBB Steel Markets North America
2014-02-12 08:28:27| Steel - Topix.net
Since the recession and its dramatic effect on demand and pricing, service centers have been understandably gun-shy about buying steel.
Tags: north
america
north america
steel
Avery is gold sponsor of Label Summit Latin America
2014-02-12 06:00:00| Label and Narrow Web Breaking News
Don Nolan, president of the materials group for Avery Dennison, will also be giving the opening keynote presentation.
Tags: america
gold
label
sponsor
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