Turned a raft of industrial acquisitions and the sale of the state telephony monopoly into a business empire that touches most aspects of Mexican life.» Read More
May 18- AT&T Inc plans to pay $48.5 billion to buy DirecTV, in the latest sign that the wireless industry and the U.S. television market are set to converge as customers consume more video on their mobile devices.
May 18- AT&T plans to pay $48.5 billion to buy DirecTV, the top U.S. satellite TV operator, in a bid for growth beyond an increasingly competitive cellular market. AT&T said it is offering $95 per DirecTV share in a combination of stock and cash, a 10 percent premium over Friday's closing price of $86.18.
May 18- DirecTV, the No. 1 U.S. satellite TV operator, said on Sunday it has agreed to sell itself to AT&T for $48.5 billion, in the second mega-deal to shake up the U.S. television landscape this year. AT&T said it is offering $95 per DirecTV share in a combination of stock and cash, a 10 percent premium over Friday's closing price of $86.18.
MEXICO CITY, May 18- Mexico's biggest opposition party on Sunday holds a leadership election whose outcome could shape how quickly President Enrique Pena Nieto can pass pending legislation to open up the oil industry and increase competition in telecoms.
MEXICO CITY, May 15- Mexico's lower house of Congress gave general approval to a political reform bill on Thursday that will help clear the way for the passage of legislation needed to implement a major energy reform.
May 14- Sony Music Entertainment, a unit of Sony Corp, has invested $3 million in music-recognition application maker Shazam Entertainment, a source familiar with the matter said.
MEXICO CITY, April 29- America Movil, Latin America's biggest phone company, said on Tuesday that higher debt costs had pushed its first-quarter profit down by almost half as its service revenue and subscriber base showed sluggish growth.
MEXICO CITY, April 28- In his first year in power, Enrique Pena Nieto raced to push through Congress the most ambitious reforms Mexico has seen in a generation, raising hopes of a new dawn for Latin America's second largest economy.
*America Movil takes operational control of Telekom Austria. VIENNA/ MEXICO CITY April 24- Mexican tycoon Carlos Slim plans to use Telekom Austria as a base to build up his presence in European telecoms after sealing a deal with the Austrian state to take control of the company.
*America Movil takes operational control of Telekom Austria. VIENNA, April 24- Mexican tycoon Carlos Slim plans to use Telekom Austria as a base to build a European telecommunications network after sealing an eleventh-hour deal with the Austrian state to take control of the company.
*To pay 7.15 euros/ share for rest of Telekom Austria. VIENNA/ MEXICO CITY, April 23- Mexico's Carlos Slim struck an 11th- hour deal on Wednesday with the Austrian government that could give him control of Telekom Austria and allow the multi-billionaire to consolidate his foothold in Europe as he expands outside the Americas.
VIENNA, April 23- Carlos Slim and the Austrian government signed a deal to pool their stakes in Telekom Austria, the telecoms operator said, paving the way for Slim to take control of the company.
MEXICO CITY, April 11- AT&T has sold more than 300 million shares in billionaire Carlos Slim's America Movil, following up on other sales last year, a filing with the U.S. Securities and Exchange Commission showed on Friday.
VIENNA, March 28- Austrian state holding company OIAG's board authorised management to negotiate a deal to pool the state's Telekom Austria stake with that of Carlos Slim's America Movil, effectively handing Slim control of the group.
VIENNA, March 28- Austrian state holding company OIAG's board authorised management on Friday to negotiate pooling the state's Telekom Austria stake with that of Carlos Slim's America Movil, OIAG said in a statement.
MEXICO CITY, March 28- Mexico's new telecommunications regulator has opened a probe into possible monopolistic practices in the country's internet services market following a complaint, the federal government's official gazette said on Friday.
RIO DE JANEIRO/ BRASILIA, March 27- Brazil's securities watchdog on Thursday suspended the offer of shares in telecommunications company Grupo Oi SA for up to 30 days, dealing a setback to its planned merger with Portugal Telecom.
MEXICO CITY, March 25- Mexico's opposition said on Tuesday a government telecom bill undermines a new watchdog by keeping key regulatory powers in the executive's hands, in a spat that could stall the passage of rules aimed at curbing cell phone mogul Carlos Slim and fellow tycoon Emilio Azcarraga's TV group Televisa.
MEXICO CITY, March 19- Mexico will send legislation to Congress this week to flesh out a reform that seeks to curb the power of telecoms mogul Carlos Slim and the country's top broadcaster, Televisa, a senior lawmaker said on Wednesday.
VIENNA, March 17- Mexican telecoms tycoon Carlos Slim has finished consolidating his company and family stakes in Telekom Austria into a blocking minority, the Austrian firm said on Monday in a regulatory filing.