America Movil is looking to sell assets for up to $20 billion, reports CNBC's Michelle Caruso-Cabrera» Read More
MEXICO CITY, June 27- Carlos Slim's real estate firm, Inmobiliaria Carso, will buy AT&T Inc's equity stake in America Movil, tightening the Mexican tycoon's control of his flagship telecommunications firm, according to a filing with Mexico's stock exchange on Friday.
MEXICO CITY, June 25- Carlos Slim's America Movil said on Wednesday it had created a committee to evaluate options in response to an overhaul of Mexico's telecommunications sector which aims to curb its dominance.
MEXICO CITY, June 25- Mexican billionaire Carlos Slim and former U.S. Vice President Dick Cheney have invested in Texas- based oil and gas software developer WellAware, the company said in a statement on Wednesday.
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.