Carlos Slim explores options in India, in talks with several operators

America Movil chairman Carlos Slim was recently in India where he held talks with the head of Videocon Telecom and other mobile operators, the Economic Times reported. Any move in India would be a first in Asia for Slim (pictured) …

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AT&T to acquire Mexico’s Iusacell

AT&T has announced it has agreed to acquire Iusacell from Grupo Salinas for $2.5 billion, including the mobile operator’s debt, all wireless properties and its 8.6 million subscribers. However, the transaction will only take place once Grupo Salinas has finalised its purchase of 50% of Iusacell that it currently doesn’t own. Iusacell, the third largest […]

SoftBank eyeing up América Móvil wireless assets – report

SoftBank is considering buying the wireless assets of Carlos Slim-owned América Móvil, according to a report. Apparently the Japanese tech giant has asked US subsidiary firm Spint’s CEO Marcelo Claure to gather information on the business up for sale on its behalf.

América Móvil announces asset sale to placate Mexican regulators

Mexican telco giant América Móvil has announced it will dispose of a bunch of its Mexican assets in order reduce its overall share of the Mexican mobile market, and thus avoid special regulatory restriction that have come into effect on the back of new laws.

AT&T flogs America Movil stake

US carrier AT&T has offloaded an 8.27 per cent stake, worth around $5.6bn, in Latin American operation America Movil, as it seeks to fund its acquisition of DirecTV. The America Movil shares were snapped up by the company’s billionaire owner, Carlos Slim, via his holding company Inmobiliaria Carso.

Telekom Austria parts with CFO after America Movil conflict

Operator group Telekom Austria has parted ways with group chief financial officer Hans Tschuden. His exit appears to be over a conflict with the operator’s Works Council concerning Latin American operator group America Movil, which recently increased its shareholding in the firm.