Bidding for a struggling Dutch telecoms group may seem an odd move for a Mexican billionaire, but Carlos Slim could be placing a long-term bet on an improvement in the European economic climate and in Germany in particular.» Read More
MEXICO CITY, Dec 4- Mexico's telecoms industry watchdog said on Wednesday it has informed the companies it will assess for tougher regulation, likely the first step in taking measures against phone giant America Movil and broadcaster Televisa.
The bill raised hopes Pena Nieto was serious about breaking the hold a select few have on much of the economy, but a pile-up of pending bills in Congress has made the Dec. 9 deadline for the secondary telecoms legislation increasingly unlikely.
BARCELONA, Nov 21- Spanish telecom group Telefonica on Thursday said it is open to mergers, acquisitions and deals to share networks in Mexico, where it lags far behind former monopoly and arch-rival America Movil.
MEXICO CITY, Nov 20- The chief executive of Mexico's state-run oil monopoly Pemex on Wednesday criticized the compensation paid to the chairman of Spain's Repsol as excessive, amid a tussle over the handling of a dispute involving Argentina.
MEXICO CITY, Nov 19- Mexican billionaire Carlos Slim is not looking to purchase a 10 percent stake in Spanish oil company Repsol, spokesman Arturo Elias Ayub said on Tuesday.
VIENNA, Nov 14- America Movil does not plan a hostile takeover bid for Telekom Austria following its failed attempt to buy Dutch company KPN, its chief executive said. But CEO Daniel Hajj said America Movil had not acquired its stake a year ago in order to mount a takeover and saw itself as a stable partner of fellow large shareholder Austria.
VIENNA, Nov 14- America Movil does not plan a hostile takeover bid for Telekom Austria following its failed attempt to buy Dutch company KPN, its chief executive said.
MEXICO CITY, Nov 11- Mexico's new telecommunications watchdog said on Monday it may identify this month which companies dominate the local market, likely paving the way for tougher regulation against telecom company America Movil and broadcaster Televisa.
MEXICO CITY, Oct 31- Mexico's Congress on Thursday passed a package of measures aimed at bolstering the country's weak tax revenues, but only after watering down a plan that is expected to have a moderate impact at best.
MEXICO CITY, Oct 31- Mexico's Senate on Thursday made new cuts to a tax reform plan that President Enrique Pena Nieto proposed to increase the nation's anemic tax take before sending the bill back to the lower house of Congress for final approval.
MEXICO CITY, Oct 30- Mexico's Senate on Wednesday was close to passing a package of measures to bolster the country's weak tax revenues, including higher taxes for the rich, levies on sugary drinks and junk food, as well as a charge on stock market gains.
MEXICO CITY, Oct 30- The Mexican government's tax reform looked likely to pass the Senate without major changes after the main opposition party refused to continue debating the bill on Wednesday, arguing its concerns were being ignored.
MEXICO CITY, Oct 30- Mexico's Senate gave general approval to the government's plan to boost tax revenues before the main opposition party walked out early on Wednesday, halting voting on divisive details of the reform.
Eike Batista's OGX—the cornerstone of his short-lived mining, energy and shipping empire—is expected to file for bankruptcy as early as this weekend.
*Says relations with America Movil cooperative. The group also said relations with main shareholder America Movil, controlled by billionaire Carlos Slim, remained cooperative.
MEXICO CITY, Oct 21- Mexican billionaire Carlos Slim's Grupo Carso on Monday said it will pay out a special dividend of around $700 million after selling its share of Philip Morris International's Mexico business.
MEXICO CITY, Oct 16- America Movil, the phone company controlled by billionaire Carlos Slim, on Wednesday said it would not go ahead with a plan to boost its stake in KPN, and has not yet decided whether to keep its current position in the Dutch telecom company.
MEXICO CITY, Oct 16- America Movil, the phone company controlled by billionaire Carlos Slim, said it would not go ahead with a plan to boost its stake in KPN after the Dutch telecom's foundation blocked the Mexican company's bid. America Movil had accumulated nearly 30 percent of KPN's stock and it was not clear what would happen with that.
MEXICO CITY, Oct 16- America Movil, Latin America's biggest phone company, said on Wednesday it would not proceed with a plan to boost its stake in KPN after the Dutch telecom's foundation blocked the Mexican company's bid.
*Telecom Italia, TIM shares rise more than 6 percent. MILAN/ FRANKFURT, Oct 9- Telecom Italia is considering a sale of its 67 percent stake in Brazilian mobile operator TIM Participacoes in a bid to reduce its debt, said a person familiar with the matter on Wednesday.