Telecom Carlos Slim

  • BUENOS AIRES, Sept 23- Even though new rules have not yet been implemented, telecom companies in Argentina are preparing for a more competitive market as the government expects reforms to attract $20 billion in investments over four years. Telecom Argentina and Telefonica de Argentina have announced investments in recent months, while Argentina's largest...

  • MEXICO CITY, Aug 22- Debt-laden Mexican builder ICA is in final talks to bid with Ferrovial and two other partners to build a new $3.5 billion Mexico City airport terminal, four sources said, after the Spanish construction company mulled scrapping the joint bid plans. The two companies are in talks with Dragados, a unit of Spain's Grupo ACS, and GP Construccion, a...

  • CHICAGO, Aug 10- Wal-Mart Stores Inc's Mexican unit said on Wednesday it has agreed to sell its Suburbia clothing chain to El Puerto De Liverpool for about $852 million as the world's largest retailer streamlines operations in its largest non-U.S. market. Wal-Mart has been looking to double sales in Mexico by 2024 by boosting its core business of running...

  • Wal-Mart has been looking to boost its core business of running discount retail and membership stores in Mexico by focusing on expanding its fresh food business. Wal-Mart's international division, which contributes roughly one-third of the company's total annual sales of nearly $480 billion, has divested some non-core businesses across Chile, Mexico and...

  • SAO PAULO, July 28- Most Latin American stock markets fell slightly on Thursday after a dip in oil prices and after the U.S. The Mexican peso slipped 0.36 percent while the IPC stock index was flat ahead of results from Carlos Slim's America Movil. Brazil's benchmark Bovespa stock index dropped 0.33 percent, pressured by corporate results from GPA SA and Banco...

  • SAO PAULO, July 20- Mexico's stock market rallied for a fifth straight day on Wednesday, but its peso currency weakened on concerns over higher U.S. interest rates. Federal Reserve could raise rates as soon as September after a muted market reaction to Britain's decision to leave the European Union weighed on the Mexican peso. "Stock markets are brushing over the...

  • MEXICO CITY, July 19- Mexico's telecoms regulator said on Tuesday it had set price rules for 2015-2018 for fixed-line telephone firms Telmex and Telnor, part of tycoon Carlos Slim's America Movil, in line with a 2013 law seeking to place new restrictions on the telecom giant. The IFT has beefed up scrutiny of America Movil since it declared the company dominant in...

  • FRANKFURT, July 1- Deutsche Telekom is preparing to sell thousands of German mobile phone masts in a potential 5 billion-euro deal as it seeks to free up funds for investing in its European networks, two sources close to the matter said. The German company has appointed Goldman Sachs and Morgan Stanley to organise an auction of the German masts, which it plans to...

  • The FCC said stock purchases of América Móvil by its billionaire owner Carlos Slim and his family repeatedly exceeded the foreign ownership levels approved by the agency. "Foreign companies doing business in the United States and its territories must follow all federal rules, including those governing their ownership of American companies," said FCC...

  • MEXICO CITY, June 27- Carlos Slim's construction arm has teamed up with three local builders to bid for two runways for Mexico City's new airport worth a combined $1.56 billion, sources say, seeking to snap up major infrastructure projects that survived government cuts. Carso Infraestructura y Construccion, which is part of Slim's Grupo Carso, has agreed to form...

  • SAO PAULO, June 17- Prices of Oi SA bonds jumped on Friday after Brazil's most indebted wireless carrier laid out the terms of a restructuring proposal aimed at cutting 50 billion reais in obligations by more than half. Notes from a Netherlands- based Oi unit due this year were excluded from the plan. The Rio de Janeiro- based company, which faces a payment of 230...

  • MEXICO CITY, June 8- The head of the Mexican unit of Spain's Telefonica, Francisco Gil Diaz, will step down at the end of June and company executive Carlos Morales will take the helm, the firm said on Wednesday. A former Mexican finance minister, Gil Diaz served as head of Telefonica Mexico for nearly 10 years as the company fought to gain market share from Carlos...

  • MEXICO CITY, June 8- Francisco Gil Diaz will step down at the end of June as the head of Spain's Telefonica's Mexican business, the company said in a statement, naming Telefonica Mexico executive Carlos Morales Paulin as the new president and chief executive officer. A former Mexican finance minister, Gil Diaz served as head of Telefonica Mexico for nearly 10...

  • MEXICO CITY/ MADRID, May 17- Mexican billionaire Carlos Slim has put two of his grandchildren on boards of his companies, a major step in the succession of one of the world's largest family business empires. Daniel Jr.' s appointment to the board of Slim-owned metals miner Minera Frisco was approved by shareholders in April 2015, according to a public filing to...

  • BRASILIA, May 12- Brazilian telecoms group Oi SA reported a net loss on Thursday due to competitive pressures against the backdrop of the country's economic downturn, plus the cost of a big debt burden that the company is trying to restructure. Revenue fell 4 percent as Brazil's worst recession in decades squeezed consumer spending on communications services,...

  • MEXICO CITY, May 9- Spanish construction firm Ferrovial SA may cancel its plan to bid jointly with cash-strapped local builder ICA for a contract to build a $3.5 billion terminal building for Mexico City's new airport, people familiar with the matter said. Ferrovial, which won a 2010 contract to build a terminal at London's Heathrow Airport for around 800...

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    Amazon rose 10 percent in early trade after a slew of Wall Street analysts praised the e-commerce giant's first-quarter results.

  • BRASILIA, April 28- Colombia's peso surged to nearly a six-month high on Thursday as Latin American currencies gained after weak U.S. GDP numbers added to expectations that the Federal Reserve will not quickly raise interest rates. Shares of Carlos Slim's America Movil tumbled 11.2 percent in its biggest one-day percentage drop in eight years, after it...

  • MEXICO CITY, April 27- America Movil said on Wednesday first-quarter profit fell more than 40 percent from a year ago, as mobile competition from AT&T Inc intensified in Mexico and it started paying rent on cell towers after a sweeping regulatory overhaul. The 2013 overhaul was aimed at curbing America Movil's 70 percent market share in Mexico by forcing it to...

  • SAO PAULO, April 25- Oi SA on Monday formally started talks to restructure $14.3 billion of bonds, pitting some of the world's biggest investors against each other as Brazil's most-indebted phone carrier fights for its survival. Reuters, citing sources, said the group of over 25 investment firms including BlackRock Inc, Citadel LLC and Pacific Investment...