America Movil is looking to sell assets for up to $20 billion, reports CNBC's Michelle Caruso-Cabrera» Read More
MEXICO CITY, June 19- Political wrangling in Mexico means Congress is unlikely to approve before July legislation to complete an energy overhaul at the center of President Enrique Pena Nieto's economic agenda, lawmakers said on Thursday.
MEXICO CITY, June 19- Mexico is reviewing design plans for a new 120 billion peso Mexico City airport which will eventually have six runways and should begin operating by 2018, according to sources familiar with the plan.
*Move to make Telefonica biggest Telecom Italia investor. MILAN, June 16- Italian banks Intesa Sanpaolo and Mediobanca moved on Monday to leave the shareholder pact that controls Telecom Italia, following insurer Generali and making way for new investors in the phone company.
MEXICO CITY, June 12- Mexico's telecom regulator said on Thursday it would postpone the first stage of a tender for two new national TV channels from June to September, citing a delay in laws that should set out details of a sector overhaul approved in 2013..
MEXICO CITY, June 12- Mexico's telecom regulator said on Thursday it would postpone the first step for its tender of two new national TV channels until September from June, citing a delay in new laws that should set out details of a sector overhaul approved in 2013..
Apple Inc, maker of iPhone smartphones, was not affected by the ruling by the Mexican Institute for Industrial Property against America Movil, Telefonica and Iusacell for advertising mobile phone subscriber plans with the name "iPhone" in the title. "Apple doesn't have a problem because they just sell telephones," another official at the IMPI said.
MEXICO CITY, June 3- The Mexican unit of Spain's Telefonica said on Tuesday it will focus on expanding its mobile business rather than adding new services as it tries to capitalize on a regulatory overhaul and steal market share from telecoms tycoon Carlos Slim.
MEXICO CITY, June 2- Abundant cheap labor has helped Mexico lure billions of dollars in foreign investment in recent years and spur a manufacturing sector so dynamic it has been likened to China.
*Looking at up to 5 telecoms deals in Europe worth over $1 bln. MOSCOW, June 2- Russian billionaire Mikhail Fridman's Alfa-Group wants to invest billions of dollars of proceeds from the sale of oil firm TNK-BP into telecoms assets in Europe, looking to capitalise as the industry consolidates.
Now, AT&T Inc's planned $48.5 billion purchase of U.S. satellite provider DirecTV is severing a connection with Slim that goes back to 1990, and turning them into competitors.
The center-right National Action Party, has been badly divided by an internal power struggle centering on how far the party should cooperate with Pena Nieto's Institutional Revolutionary Party, which lacks a majority in Congress.
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.