America Movil is pushing to sell some assets for at least $20 billion, a source told CNBC.» Read More
Aug 11- Mobile service provider NII Holdings Inc, reporting its ninth quarterly loss in a row, said on Monday it may have to file for bankruptcy after struggling to compete in Brazil and Mexico. The company, which operates in Latin America under the Nextel brand, ended the second quarter with a net debt of $4.8 billion and with $1 billion in cash and investments.
The privately held company obtained a license to operate in Mexico earlier this year, and will use the network owned by Spain's Telefonica, the sources, who requested anonymity as the plans were still not public, said.
*Telefonica offers up Telcom Italia stake to Vivendi. PARIS/ MADRID, Aug 5- Spain's Telefonica has made a 6.7 billion euro bid to France's Vivendi for its Brazilian broadband unit GVT, seeking to strengthen its position in a market that accounts for one-fifth of revenue. Telefonica also offered Vivendi the chance to acquire its 8.3 percent stake in Telecom Italia.
MEXICO CITY, July 22- Carlos Slim's America Movil said on Tuesday that it was still "flexible" over which assets it would sell to lure a buyer into competing in Mexico's telecommunications market.
MEXICO CITY, July 21- Carlos Slim's America Movil, Latin America's biggest telecoms company, said on Monday that new regulation in its core Mexico market was beginning to weigh on its performance.
MEXICO CITY, July 21- America Movil said on Monday that its profit in the second quarter rose 32.7 percent from a year earlier on lower financial and exchange-rate costs but missed analysts' expectations.
Controlling around 70 percent of Mexico's mobile market and more than 60 percent of landlines, Slim's America Movil has been blamed for overcharging consumers for patchy service since he bought a former state-run phone monopoly in the early 1990 s.
MEXICO CITY, July 14- Carlos Slim's America Movil said on Monday it will take control of just over half of Telekom Austria in a $1 billion buyout offer, giving the Mexican billionaire a base to build up his presence in European telecoms.
MEXICO CITY, July 14- Mexico's President Enrique Pena Nieto on Monday signed into law new rules for the telecommunications and broadcasting industries that are designed to curb the power of billionaire Carlos Slim's America Movil and broadcaster Televisa.
BRUSSELS/ MOSCOW- The European Union seeks to reassure Russia that a free-trade pact with Ukraine is not aimed at hurting Moscow, but rejects calls to postpone implementation, offering more talks instead.
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.
Some of Wednesday's midday movers:
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 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.
Some of the names on the move ahead of the open.
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.