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America Movil SAB de CV

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  • Slim's Mexico telecoms sale opens doors to competitors Wednesday, 9 Jul 2014 | 5:11 PM ET

    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 passes tough restrictions on telecoms Wednesday, 9 Jul 2014 | 10:58 AM ET

    MEXICO CITY— The lower house of Mexico's Congress approved tough restrictions on dominant companies in the country's telephone and television sectors early Wednesday after 20 hours of debate and discussion. The rules were already passed by the Senate, but must still be signed into law by President Enrique Pena Nieto, whose party supports the measures.

  • 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 Congress approves landmark telecoms bill Wednesday, 9 Jul 2014 | 9:09 AM ET

    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.

  • UPDATE 3-Carlos Slim bows to Mexico telecoms reform Tuesday, 8 Jul 2014 | 11:13 PM ET

    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.

  • Telecom giant America Movil to sell some assets Tuesday, 8 Jul 2014 | 7:22 PM ET

    MEXICO CITY— The telecom company America Movil said Tuesday that it will sell off some assets to reduce its market share in Mexico in the face of the country's telecommunications reform designed to break up monopolies. America Movil controls about 70 percent of the mobile and about 80 percent of fixed telephone markets in Mexico.

  • 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.

  • Mexican Congress eyes quick telecoms laws approval Wednesday, 2 Jul 2014 | 6:58 PM ET

    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.

  • Markit, ISM factory data due. NEW YORK, July 1- U.S. stock index futures kicked off the third quarter with early gains Tuesday, buoyed by a report showing 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.

  • 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.

  • Your first trade for Monday Friday, 30 May 2014 | 1:19 PM ET

    The "Fast Money" traders share their final trades of the day.

  • AT&T to buy DirecTV for $48.5 billion Sunday, 18 May 2014 | 8:04 PM ET
    A DirecTV technician puts on a helmet before installing new satellite TV service at an apartment building in Lynwood, Calif., May 5, 2014.

    AT&T plans to pay $48.5 billion to buy top U.S. satellite TV operator DirecTV, in a bid for growth beyond a competitive cellular market.

  • Want growth? Learn to compete: Mexico's Carstens Monday, 31 Mar 2014 | 5:26 PM ET
    Agustin Carstens, governor of the Bank of Mexico, speaks during an event in Mexico City, Mexico, Feb. 6, 2014.

    Mexico's state monopolies—and Carlos Slim—will have to get used to more competition, says its top central banker.