America Movil is pushing to sell some assets for at least $20 billion, a source told CNBC.» Read More
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.
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.
Two media giants passed on buying Univision. But regular investors can still bet on the Spanish-language channel through Grupo Televisa.
The "Fast Money" traders share their final trades of the day.
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.
Mexico's state monopolies—and Carlos Slim—will have to get used to more competition, says its top central banker.
Some of the names on the move ahead of the open.
China continued minting billionaires, driven by technology, with a two-horse race developing in the country's internet sector, according to Hurun.
One ranks among the greatest wealth creators of all time. The other has made investing during crisis an art form. Who has mattered more?
European equities closed narrowly higher on Thursday, with investors underwhelmed by U.S. lawmakers finally reaching a deal to lift the country's borrowing limit.
Guy Peddy, senior analyst for telecoms and media at Macquarie Group, talks about the KPN-America Movil deal falling through, and the resilience of BskyB in the U.K.
Big moves in the telecoms sector this week highlight the waning attraction of the heavily saturated U.S. and Europe markets and are also a clear sign that the industry could soon be dominated by just a few big players.
The long-anticipated sale of Vodafone’s stake in its wireless joint venture with Verizon is expected to leave the European telecoms giant with tens of billions of dollars to spend. So what will be top of chief executive Vittorio Colao’s shopping list?
America Movil said it remained committed to its 7.2 billion-euro ($9.52-billion) takeover bid for Dutch group KPN but would withdraw it if a foundation prepared to block the deal kept its current stance.
It’s time for the Lightning Round! Jim Cramer makes the call on viewers' favorite stocks.
Spain's telecom giant Telefonica agreed to improved terms for KPN's German unit E-Plus in a deal that won support from the Dutch telecom group's biggest shareholder, América Móvil.