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Telecom Carlos Slim

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  • MEXICO CITY, July 16- Mexican telecoms giant America Movil, controlled by billioinaire Carlos Slim, will respond to a challenge from U.S. carrier AT&T by offering some subscribers free calls to and data in the United States, and will also invest $6 billion in its network in Mexico, its chief executive said on Thursday. America Movil Chief Executive Officer Daniel...

  • MEXICO CITY, July 16- Mexican telecoms giant America Movil, which is controlled by billionaire Carlos Slim, will invest $6 billion over the next three years, Chief Executive Officer Daniel Hajj said on Thursday. America Movil was still looking at how to sell some assets but was in no rush, said Hajj at an event in Mexico City. The original plan was to sell a...

  • MEXICO CITY, July 10- Mexican construction conglomerate Elementia, part owned by billionaire Carlos Slim, soared as much as 10.5 percent on its Friday debut on the Mexican stock exchange after the shares were priced below the preliminary target range. Early on Friday, Elementia priced its initial public offering at 17 pesos per share, below the 20- 25 peso range...

  • *FCC needs fresh strategy to shave debt and grow. FCC is one of the worst performers on Spain's blue chip index and has lost a quarter of its stock value since the December rights issue, with uncertainty over Bejar's intentions since the arrival of Slim hanging over its shares. On Friday, FCC shares gained 1.3 percent to 8.956 euros each, underperforming a 2.12...

  • MEXICO CITY, July 10- Mexican construction conglomerate Elementia, part-owned by billionaire Carlos Slim, has priced its initial public offering at 17 pesos per share, the company said on Friday, below the range it had originally proposed. In a preliminary prospectus last month, Elementia said it planned to offer 201 million shares at a range of between 20 and 25...

  • Salinas's Totalplay eyes Mexico wholesale network Thursday, 2 Jul 2015 | 8:47 PM ET

    MEXICO CITY, July 2- Totalplay, the pay TV, Internet and fixed-line company owned by Mexican billionaire Ricardo Salinas, is considering participating in an upcoming tender for a $7 billion wholesale mobile network, the company's chief executive said on Thursday. The planned network, which is written into Mexico's constitution, will have use of valuable...

  • July 1- Macy's Inc said on Wednesday it would end its business relationship with Donald Trump, and New York City said it was reviewing its contracts with the billionaire developer and U.S. presidential hopeful because of his comments insulting Mexicans. In New York City, where Trump built his fortune in real estate, his company has a contract to run a golf course at...

  • MEXICO CITY, June 30- Mexico's telecoms regulator said on Tuesday that it will open access to the "last mile" of Telmex telephone network to rivals, in a decision that aims to increase competition in a sector dominated by billionaire Carlos Slim. Since declaring America Movil dominant in the sector last year, the IFT has been introducing stricter measures...

  • MEXICO CITY, June 30- Mexico's telecoms regulator will open access to the "last mile" of Telmex telephone networks to competitors, two sources said on Tuesday, in a decision that aims to increase competition in a sector dominated by billionaire Carlos Slim. Since declaring America Movil dominant in the sector last year, the IFT has been introducing stricter...

  • *NBC drops' Miss USA' and' Miss Universe' pageants. June 29- NBC cut ties with U.S. presidential candidate Donald Trump and the "Miss USA" and "Miss Universe" pageants on Monday after the real estate developer and TV personality made comments insulting Mexicans earlier this month. The decision by Comcast Corp- owned NBC was announced four days after Spanish-language...

  • MEXICO CITY, June 25- AT&T Inc plans to invest around $3 billion in its high-speed mobile Internet network in Mexico, the company said on Thursday. The company's move into Mexico came in the wake of a sweeping sector overhaul which forced billionaire Carlos Slim's America Movil to open up infrastructure and let rivals interconnect to his network for free.

  • LONDON, June 19- Vodafone has recruited Hannes Ametsreiter, the outgoing chief executive of Telekom Austria, to run its German business, the firm's biggest market where it is struggling in the face of fierce competition. Vodafone is in fierce competition with Deutsche Telekom in Germany where the former state monopoly is regaining market share thanks to...

  • TEL AVIV, June 15- Israeli start-up Mobli Media Inc is taking on Internet giants Google, Facebook and Yahoo with an innovative online search tool to find the latest photos and videos across social media, the company said on Monday. Mobli, which is backed by Mexican billionaire Carlos Slim and big-name U.S. celebrity investors Leonardo DiCaprio, Serena Williams,...

  • MEXICO CITY, May 26- Mexico has cut the estimated investment required for a wholesale mobile broadband network by almost a third to $7 billion and is considering changes to make it more attractive to wireless operators, a senior government official said on Tuesday. The network, which will have exclusive use of 90 MHz of the 700 MHz band of spectrum, was written into...

  • *America Movil first bought KPN stake in 2012. AMSTERDAM/ LONDON, May 20- Mexican telecoms group America Movil completed a 3 billion euros sale of bonds exchangeable for KPN shares, leading to a possible exit by the Dutch firm's largest shareholder after three difficult years. "America Movil has received cash today for the value of that stake, then they look five...

  • *Mexico motorway business weighs on results. MADRID, May 13- Spanish infrastructure group OHL posted an 18.7 percent drop in first-quarter net profit on Wednesday, hit by a lower contribution from its motorway business in Mexico where the firm is investigating allegations about overcharging the government. This sent group net profit down to 49.1 million...

  • *Mexico motorway business weighs on results. MADRID, May 13- Spanish infrastructure group OHL posted an 18.7 percent drop in first-quarter net profit on Wednesday, hit by a lower contribution from its motorway business in Mexico where the firm is investigating allegations about overcharging the government. This sent group net profit down to 49.1 million...

  • MEXICO CITY, April 23- Mexico's telecoms regulator said on Thursday it had approved 12 commercial concessions for companies to offer a full range of telephone and television services as the country seeks to spur greater competition. Mexico's phone business has long been dominated by Carlos Slim's America Movil, with Televisa the most powerful force in...

  • MEXICO CITY, April 17- Shareholders in Mexico's America Movil on Friday approved a plan to spin off around 10,800 cell towers into a new company, Telesites, that will open up their use to competitors, the company said in a statement. Under the plan, current shareholders will receive the same number and series of shares in Telesites, which will be listed on Mexico's...

  • MEXICO CITY, March 19- A subsidiary of Mexican billionaire Carlos Slim's Grupo Financiero Inbursa bank has entered two loan agreements for nearly $700 million, pledging America Movil stock as collateral, according to a filing published on Thursday. The unit, Control Empresariales de Capitales, agreed on March 11 with HSBC to borrow up to 300 million euros and...