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
*Zeinal Bava to be CEO after Portugal Telecom, Oi merger. LISBON, Oct 8- Known as "Zeus" at Portugal Telecom for turning round an ailing firm in an economic crisis, Zeinal Bava will find he is a lesser deity on the global stage as he tries to build an industry champion in the Portuguese-speaking world and beyond.
MEXICO CITY, Oct 4- After years in Brazil's shadow, Mexico's stock market is enjoying a listings boom, fueled by hopes of economic reforms and strong demand from pension funds breathing life into a long-stagnant market.
*Oi CEO Bava, a Portugal Telecom veteran, to lead carrier. *Oi, Portugal Telecom shares soar on news of combination.
BRUSSELS, Sept 29- Dutch preference shares, once a device to share the benefits of a family business, have become an unbreachable barrier to hostile takeovers in the Netherlands, most recently forcing Mexico's America Movil to the negotiating table.
MEXICO CITY, Sept 27- Mexican phone company America Movil, embroiled in an increasingly complex bid for Dutch telecom KPN, said on Friday that it might go ahead with its formal offer next month.
BRUSSELS, Sept 18- Dutch telecoms group KPN has acted to catch up with European rivals after years of underperformance and may be nearing a turning point as it faces a takeover offer by Mexico's America Movil. It lagged behind peers in jumping on new trends in television and bundled services to limit the damage from free services such as Skype.
**APPLE INC, Tuesday close $455.32, up 1 pct premarket. The fingerprint reader on Apple's top-end iPhone 5 S received an early thumbs up for ease of use from two influential reviewers, helping dispel concerns about the scanning technology which has been notoriously unreliable in other cellphones. **FEDEX CORP, Tuesday close $110.68, up 2.2 pct premarket.
**ADOBE SYSTEMS INC, Tuesday close $48.14, up 6 pct after market. **FIVE BELOW INC, Tuesday close $48.5, down 2 pct after market. The company said shareholders have agreed to sell 7.1 million shares of its common stock, of which 7 million shares would be sold by funds affiliated with Advent International and 100,000 shares will be sold by Five Below's executive chairman.
NEW YORK, Sept 17- AT&T Inc is planning to announce on Wednesday that it will expand its Latin American reach for business customers through a collaboration with Mexican billionaire Carlos Slim's America Movil.
*America Movil says considering options, including dropping bid. BRUSSELS, Sept 12- Dutch telecoms company KPN has entered into talks with Mexico's America Movil over the latter's 7.2 billion-euro takeover offer, the two sides said on Thursday, although both cautioned the outcome was unclear.
MEXICO CITY, Sept 11- Mexico has reached basic agreement with companies holding a chunk of broadcast spectrum that could boost competition in that country's telecommunications market, the Transport and Communications ministry said on Wednesday.
MEXICO CITY, Sept 10- Mexico's Senate on Tuesday approved seven nominees to head a new telecommunications regulator created by a sweeping sector overhaul that seeks to boost competition and tame billionaire Carlos Slim. America Movil controls some 80 percent of the fixed line business in Mexico and about 70 percent of its cell phone market.
BRUSSELS, Sept 9- KPN's chief financial officer quit unexpectedly on Monday, leaving the Dutch telecoms group without a key executive as it negotiates with Mexico's America Movil, which is proposing a 7.2 billion euro takeover.
MEXICO CITY, Sept 5- Mexican billionaire Carlos Slim's America Movil is not in talks with shareholders of Telecom Italia regarding any share purchases, a top executive at the Mexican company said on Thursday.
MEXICO CITY, Aug 30- Billionaire Mexican businessman Carlos Slim is facing an unfamiliar challenge as he seeks to steer his flagship phone company America Movil into Europe- dissent.
*America Movil won't raise KPN offer- spokesman. *Foundation said would move to block America Movil bid. BRUSSELS/ MEXICO CITY, Aug 30- America Movil threatened to abandon its bid for Dutch telecom KPN on Friday, saying it has no plans to raise the 7.2 billion euro offer, after a foundation representing KPN told the Mexican firm to improve its proposal or face a veto.
MEXICO CITY, Aug 30- Carlos Slim's telecoms company America Movil said on Friday it had no intention of raising its 7.2 billion euro offer for Dutch peer KPN after a company foundation told the Mexican firm to make a higher bid, or it would veto the move.
*America Movil ready to cancel bid if foundation maintains stance. *Foundation said would move to block America Movil bid, wants "fair bid". BRUSSELS, Aug 30- America Movil threatened to abandon its 7.2 billion euro bid for Dutch telecommunications group KPN after a company foundation told the Mexican firm to make a higher offer or it would veto the bid.
*Telecom Italia seen in play before year out- Bernstein. MILAN, Aug 30- Telecom Italia SpA shares jumped as much as 10 percent on Friday, on speculation it might be the next quarry in a recent upsurge in dealmaking in Europe's telecoms industry.
*Foundation wants America Movil to make "fair bid". BRUSSELS, Aug 30- America Movil threatened to abandon its 7.2 billion euro bid for Dutch telecoms group KPN, after a company foundation told the Mexican telecoms firm to make a higher offer or it would veto the bid.