America Movil is looking to sell assets for up to $20 billion, reports CNBC's Michelle Caruso-Cabrera» Read More
MEXICO CITY, July 21- Carlos Slim's America Movil, Latin America's biggest telecoms company, said on Monday that new regulation in its core Mexico market was beginning to weigh on its performance.
MEXICO CITY, July 21- America Movil said on Monday that its profit in the second quarter rose 32.7 percent from a year earlier on lower financial and exchange-rate costs but missed analysts' expectations.
July 15- Warren Buffett this week donated $2.8 billion of Berkshire Hathaway Inc stock to five charities, as part of the billionaire's plan to give away nearly all of his wealth. About 16.6 million shares, worth more than $2.1 billion, went to the Bill and Melinda Gates Foundation, which focuses on education, health and poverty problems.
Controlling around 70 percent of Mexico's mobile market and more than 60 percent of landlines, Slim's America Movil has been blamed for overcharging consumers for patchy service since he bought a former state-run phone monopoly in the early 1990 s.
MEXICO CITY, July 14- Carlos Slim's America Movil said on Monday it will take control of just over half of Telekom Austria in a $1 billion buyout offer, giving the Mexican billionaire a base to build up his presence in European telecoms.
MEXICO CITY, July 14- Mexico's President Enrique Pena Nieto on Monday signed into law new rules for the telecommunications and broadcasting industries that are designed to curb the power of billionaire Carlos Slim's America Movil and broadcaster Televisa.
BRUSSELS/ MOSCOW- The European Union seeks to reassure Russia that a free-trade pact with Ukraine is not aimed at hurting Moscow, but rejects calls to postpone implementation, offering more talks instead.
INTERVIEW- CARLOS SLIM SAYS AMERICA MOVIL ASSET SALE SHOULD BE ACROSS THE BOARD, ATTRACTIVE TO BUYERS.
MEXICO CITY, July 9- Mexican tycoon Carlos Slim's plan to divest a chunk of his most valuable asset, phone company America Movil, could open Mexico's telecoms market as never before to rivals.
MEXICO CITY, July 9- Carlos Slim's telecommunications company, America Movil, will shed assets to avoid tough new telephone and TV regulations imposed by Mexico's Congress on Wednesday.
MEXICO CITY, July 9- Mexican telecoms company America Movil plans to divest assets as quickly as possible to escape tougher regulation, and it hopes to sell to a single buyer, spokesman Arturo Elias said on Wednesday.
MEXICO CITY, July 9- Mexico's Congress on Wednesday approved laws that implement a landmark telecommunications sector overhaul that aims to curb the power of billionaire Carlos Slim's America Movil and broadcaster Televisa.
MEXICO CITY, July 9- Mexico's Congress on Wednesday approved a landmark telecoms bill that aims to curb the power of tycoon Carlos Slim's America Movil and broadcaster Televisa.
MEXICO CITY, July 8- Billionaire Carlos Slim's America Movil said on Tuesday it is ready to divest assets in an unprecedented step to cut its market share in Mexican telecoms below 50 percent and escape the burden of tougher regulations.
MEXICO CITY, July 8- Billionaire Carlos Slim's America Movil said on Tuesday its board voted to divest assets to cut its Mexico telecommunications market share below 50 percent and avoid tough new regulations designed to curb his long-held dominance of the sector.
MEXICO CITY, July 8- Mexico's lower house of Congress gave general approval on Tuesday to legislation that aims to rein in telecoms tycoon Carlos Slim and broadcaster Televisa to encourage more competition in the phone and TV markets.
MEXICO CITY, July 8- Mexico's lower house of Congress on Tuesday gave general approval to legislation to reform the country's phone and TV markets and rein in telecoms tycoon Carlos Slim and broadcaster Televisa.
MEXICO CITY, July 4- Mexico's Senate on Friday gave its general approval to legislation needed to implement a reform of the phone and TV markets that seeks to rein in telecoms tycoon Carlos Slim and broadcaster Televisa.
MEXICO CITY, July 2- Mexico's Senate on Friday aims to pass long-delayed legislation setting out the fine print of a major reform of the phone and TV markets that seeks to curb the power of multibillionaire Carlos Slim and broadcaster Televisa.
NEW YORK, July 1- U.S. stocks were set to kick off the third quarter with early gains on Tuesday, after a report showed China's factory sector expanded in June for the first time in six months, and ahead of U.S. data expected to show manufacturing continued to grow.