America Movil’s net profit takes beating from forex losses

Latin American giant America Movil saw Q1 net profit take a tumble thanks to currency movements, while its service revenue growth was stalled by Mexican regulatory reform. The fall of the Brazilian currency against the US dollar was the main …

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Claro Peru opens up to LTE roaming

KPN’s carrier services operation, iBasis, this week scored an LTE signalling exchange and roaming contract from Claro Peru, a subsidiary of America Movil.

NFC at heart of Brazilian mobile payments project

Brazilian banking group Bradesco is planning to roll out NFC mobile payments across Brazil by summer 2014, through a partnership with mobile operator Claro and SIM card provider Giesecke & Devrient.