Altice not interested in America Movil’s KPN stake – report

Ambitious cable-to-mobile group Altice is not interested in bidding for America Movil’s 21 per cent stake in Dutch operator KPN, following renewed speculation about the Latin American giant’s intentions for its shares in the company. America Movil reclassified its investment …

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America Movil updates on Mexico plans, as Q2 profit dips

America Movil addressed the “major change” impacting Mexico’s telecoms market, as the telecoms group reported Q2 results which reflected the “mixed bag” of economies in which it operates. With Mexico being a critical market for America Movil, the company noted …

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Brazil’s Oi plans further disposals to chip away at debt

Even after closing the sale of PT Portugal, the CEO of Brazilian operator Oi is still looking for more ways to pay down debt, according to a Financial Times report. Selling part of the operator’s real-estate portfolio or doing the same …

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Mexico trims value of mobile network tender – report

Mexico reportedly cut the cost of a proposed tender for a wholesale national mobile broadband network by around a third, from $10 billion to $7 billion, in recognition that competition has improved under reforms led by President Enrique Pena Nieto. …

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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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America Movil pressing ahead with tower sale plan

Shareholders in America Movil have given the green-light to a plan to sell-off tower assets in Mexico, with a “favourable vote of 98.2 per cent” supporting the move. The company said in a statement that it has “been approved to …

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America Movil proposes to hive off tower business

America Movil, under regulatory pressure to loosen its grip in the Mexican telecoms market, announced a proposal to spin off its tower mast business into a separate and listed company. Under the scheme put forward by the operator, the new …

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Mexico wants to launch $10B network tender by October

Mexico’s transport and communications ministry (SCT) plans to launch a tender for a $10 billion national mobile broadband network by October, with initial project terms being released in June. According to Reuters, the ministry has published a request for expressions …

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America Movil notes mobile data as growth driver

America Movil identified mobile data as the “more important driver of growth”, followed by pay-TV, stating that it has made “important efforts to complete the rollout of our 4G-LTE networks”. For the fourth quarter of 2014, the company reported a net …

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