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
MEXICO CITY, July 26- Mexico's America Movil is still deciding whether to back KPN's proposed sale of its German unit to Spain's Telefonica, America Movil Chief Executive Daniel Hajj said on Friday. KPN, a Dutch telecoms operator, is 30 percent- owned by America Movil.
MEXICO CITY, July 25- Latin America's biggest phone company America Movil on Thursday reported better-than-expected second-quarter core profit and revenue, as more customers made mobile calls in Mexico and South America.
MEXICO CITY, July 25- Latin America's biggest phone company America Movil said on Thursday its second-quarter profit rose 8 percent but it missed estimates by analysts who had seen the company benefiting from a stronger Mexican peso.
MEXICO CITY, July 24- Carlos Slim's phone giant America Movil could claw back some paper losses on its KPN stake through the sale of the Dutch company's German business to Telefonica but the move may raise fresh questions about the Mexican's long-term European plans.
*Telefonica to stick to strategy after KPN German deal. MADRID, July 24- Fresh from snapping up German mobile operator E-Plus, Spain's Telefonica will deliver a sharp reminder of challenges closer to home when it publishes first-half results on Thursday.
*Telefonica says deal won't affect net debt to EBITDA ratio. BRUSSELS/ MADRID, July 23- Dutch telecoms group KPN will sell its German unit to Telefonica for 8.1 billion euros in cash and shares, in a long-awaited deal that will test antitrust regulators' views in Europe's largest mobile market.
*Telefonica says deal won't affect net debt to EBITDA ratio. BRUSSELS/ MADRID, July 23- Dutch telecoms group KPN will sell its German unit to Telefonica Deutschland for some 8.1 billion euros in cash and shares, in a long-awaited deal that will test regulators' views in Europe's largest mobile market.
*Telefonica, KPN boards meet Monday to approve deal-source. MADRID, July 22- Spain's Telefonica is in talks to buy KPN's business in Germany and the two companies could approve a deal as early as Monday, a source with knowledge of the situation said.
July 17- Mexican telecoms giant America Movil appeared to make an unusual misstep in the capital markets this week, drawing much less investor interest than expected for its new bond issue. "It was too tight to the AT&T bond in sterling," said a rival banker, who spotted AT&T 2027 and 2040 bonds trading in the secondary market at around 130 bp-135bp over.
GUATEMALA CITY, July 11- Mexican billionaire Carlos Slim is interested in investing in oil and natural gas exploration in Guatemala, a Guatemalan presidential spokesman said on Thursday.
*Brazil government pushing U.S. for explanations.
The move is surprising for 73- year-old Slim, who built his company America Movil in a more staid sector, namely the highly regulated telecommunications and TV business in Latin America.
*Brazil's Bovespa down 4.2 pct, Mexico's IPC down 1.2 pct. SAO PAULO, July 2- Brazilian stocks posted their biggest one-day drop in nearly two years on Tuesday as mounting concerns over the outlook for Latin America's largest economy had investors rushing for the exits.
MADRID/ BUENOS AIRES, June 28- Argentina's $5 billion informal compensation offer for seizing Repsol's stake in energy firm YPF sets a floor for talks but the cash-strapped country may struggle to come up with a better offer.
The world's second-wealthiest man explains to CNBC why workers in Europe and other parts of the developed world are at the "best" part of their career after they reach their 60s.
*Sale could raise $600 mln to $700 mln, analyst says. MEXICO CITY, June 14- Wal-Mart de Mexico, Mexico's largest retailer, surprised analysts on Friday by saying it may sell its restaurant unit, including the popular Vips chain, after receiving interest from potential buyers.
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