America Movil is pushing to sell some assets for at least $20 billion, a source told CNBC.» Read More
RIO DE JANEIRO, Oct 7- Brazilian telephone and wireless carrier Grupo Oi SA said its Chief Executive Officer Zeinal Bava had resigned from the company with immediate effect on Tuesday, potentially paving the way for a sale of the company's Portuguese assets. Oi is in the process of selling non-core assets to pay down its debt and allow it to better jostle for...
SAO PAULO, Oct 1- Brazil's auction of next-generation wireless spectrum was most notable for what was missing: one of the country's four big carriers and, with it, the heated competition that officials hoped for.
BRASILIA, Sept 30- Brazil's auction of fourth-generation cell spectrum on Tuesday raised much less than expected as only three of four major carriers took part, leaving the government without revenue it needs to plug a big budget deficit.
SAO PAULO, Sept 23- Grupo Oi SA, Brazil's most indebted telecom company, backed out of a key auction for fourth-generation cell spectrum on Tuesday, adding to speculation of an upcoming takeover in a highly competitive wireless market.
MEXICO CITY, Sept 23- Spain's Telefonica is considering a range of tie-up options in Mexico with broadcaster Grupo Televisa, including creating a new telecommunications company together, a person with knowledge of the matter said.
*Alcatel, Ericsson helped group that made bid. MEXICO CITY/ PARIS, Sept 19- Mexico has received its first bid from a consortium to build a $10 billion state-owned mobile network, a linchpin of efforts to break the hold of Carlos Slim's America Movil on telecom services.
SAO PAULO, Sept 16- Nextel operator NII Holdings Inc is hanging on to its Brazilian unit even though the welterweight mobile carrier has filed for bankruptcy protection in the United States and sold off other Latin American operations.
Sept 15- Carlos Slim's America Movil has contacted AT&T Inc and SoftBank Corp as the telecommunications company tries to sell a chunk of assets that could be worth up to $17.5 billion, Bloomberg reported on Monday, citing people with knowledge of the matter.
LONDON, Sept 9- European shares slipped for a third straight session on Tuesday, with companies that trade dollar-denominated commodities such as oil taking a hit as investors shortened the odds on an early hike in U.S. interest rates.
*Euro STOXX 50 down 0.3 pct, FTSEurofirst 300 flat. The euro zone blue-chip Euro STOXX 50 index fell 0.3 percent to 3,259.47 points. "As the bond markets all gently back up in yield, the equities look round wondering where the prop was that they were resting on," Andy Ash, head of sales at Monument Securities, said.
*Telecom Italia says America Movil may join Brazil unit bid. LONDON, Sept 9- European equities steadied after choppy early trading on Tuesday as gains for shares in companies including Telecom Italia and ABB were offset by weaker energy shares following a sharp decline in crude oil prices.
LONDON, Sept 9- European shares edged higher in early trading on Tuesday, with Telecom Italia gaining after some interest in its Brazil unit and ABB rallying after unveiling a plan to buy back shares.
MEXICO CITY, Sept 4- Mexico is likely to pick an experienced, foreign construction company, working in partnership with local firms, to build a new $9 billion international airport in Mexico City, Telecoms and Transport Minister Gerardo Ruiz Esparza said on Thursday.
MEXICO CITY, Sept 4- Mexico is likely to pick an experienced, foreign construction company, working in partnership with local firms, to build a $9 billion Mexico City airport, Telecoms and Transport Minister Gerardo Ruiz Esparza said on Thursday.
MEXICO CITY, Sept 3- Mexico's government on Wednesday unveiled the winning design for a new, futuristic, spider-shaped airport for the capital that will ease delays and boost capacity at a cost of 120 billion pesos in public and private funding.
MEXICO CITY, Sept 3- Mexico's government will finance the first stage of a new $9.15 billion airport planned for the capital via cash flow from the current airport and could issue up to 30- year bonds to finance later stages, a senior project official said on Wednesday.
PARIS/ LONDON/ MILAN, Aug 29- Telecom Italia has lost a promising path to earnings growth by failing to secure Brazilian broadband business GVT and may now turn from hunter to hunted in a fast-consolidating telecoms industry.
*Telefonica wins out with higher bid than Telecom Italia. PARIS, Aug 28- French media company Vivendi picked Telefonica for exclusive talks over the sale of its Brazilian broadband unit GVT, spurning a rival bid from Telecom Italia. Vivendi's decision deals a blow to Telecom Italia.
PARIS/ MILAN, Aug 28- French media group Vivendi said it would enter into exclusive talks with Telefonica over the sale of its Brazilian broadband unit GVT, choosing the Spanish group over a rival bid from Telecom Italia.
*Telefonica makes higher bid than Telecom Italia. PARIS/ MILAN, Aug 28- The battle over Brazil's telecoms market intensified on Thursday as European competitors Telecom Italia and Telefonica made rival offers for Vivendi's Brazilian broadband business GVT.