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  • *BBVA posts solid Q2 results, helped by Spain rebound. MADRID, July 31- A combination of acquisitions in its home market and a strong performance in Mexico helped Spanish bank BBVA increase revenues and profits in the first half of the year, showing the benefits of a growth strategy many local rivals are now looking to emulate. Even BBVA, which like local rival...

  • Caracas shopkeeper Wilmer Ruiz realized last week that he couldn't call his family in Cuba or a friend who immigrated to Ecuador. Both countries have been staunch allies of Venezuela's 16- year socialist revolution. Internet calling services like Skype go only so far toward resolving the issue.

  • MADRID, July 30- Spanish telecoms group Telefonica raised its 2015 revenue forecast after it reported strong second-quarter results on Thursday, saying its problematic home market was beginning to return to growth. However the economy has been recovering since mid-2013 and Telefonica has spent the last three years restructuring its business and...

  • MADRID, July 30- Spain's economy grew at its fastest rate since 2007 in the second quarter with more growth expected ahead, although the pace of recovery may flag as the effect of supportive cheap money and low inflation starts to wear off. Since Spain emerged from a prolonged downturn in mid-2013, economic growth has been driven by a steady rise in consumer...

  • AMSTERDAM, July 21- Dutch navigation firm TomTom, which aims to reinvent itself as a supplier of high-definition maps for self-driving cars, posted quarterly results that hammered home how far it has travel to compete with major rival Nokia HERE. With Nokia expected to sell HERE to a consortium of German carmakers, industry experts see TomTom as an alternative...

  • MEXICO CITY, July 16- Mexican telecoms giant America Movil, controlled by billioinaire Carlos Slim, will respond to a challenge from U.S. carrier AT&T by offering some subscribers free calls to and data in the United States, and will also invest $6 billion in its network in Mexico, its chief executive said on Thursday. America Movil Chief Executive Officer Daniel...

  • Salinas's Totalplay eyes Mexico wholesale network Thursday, 2 Jul 2015 | 8:47 PM ET

    MEXICO CITY, July 2- Totalplay, the pay TV, Internet and fixed-line company owned by Mexican billionaire Ricardo Salinas, is considering participating in an upcoming tender for a $7 billion wholesale mobile network, the company's chief executive said on Thursday. The planned network, which is written into Mexico's constitution, will have use of valuable...

  • *Vivendi now owns 14.9 pct of Telecom Italia. PARIS, June 24- Vivendi said on Wednesday it raised its stake in Telecom Italia to 14.9 percent, replacing Telefonica as its biggest shareholder and gaining a foothold in a country it said had significant growth prospects. With Telecom Italia seen by sector executives and bankers as a potential takeover target,...

  • PARIS, June 15- Europe's anti-trust chief warned Amazon on Monday against using its dominance to thwart rivals, a week after launching an investigation into the U.S. online retailer's ebook deals with publishers. European Competition Commissioner Margrethe Vestager announced last week she would examine whether clauses in Amazon's contracts prevent...

  • *Results in Austria likely to affect future deals in Europe. VIENNA/ PARIS, June 9- When the number of mobile network operators competing in Austria was cut by a merger from four to three in January 2013 it was seen as an important test case just as a deal-making frenzy was about to break out among telecoms firms across Europe. "The debate on what metrics to use to judge...

  • *Results in Austria likely to affect future deals in Europe. VIENNA/ PARIS, June 9- When the number of mobile network operators competing in Austria was cut by a merger from four to three in January 2013 it was seen as an important test case just as a deal-making frenzy was about to break out among telecoms firms across Europe. Yet two years after Hutchison Whampoa...

  • *Results in Austria likely to affect future deals in Europe. VIENNA/ PARIS, June 9- When the number of mobile network operators competing in Austria was cut by a merger from four to three in January 2013 it was seen as an important test case just as a deal-making frenzy was about to break out among telecoms firms across Europe. Yet two years after Hutchison Whampoa...

  • FRANKFURT, June 8- German regional wireless operator Airdata has challenged the EU's approval of Telefonica Deutschland's 8.6 billion euro acquisition of E-Plus, saying concessions offered to allay competition concerns did not go far enough. The takeover completed last year reduced the number of national mobile carriers in Germany to three from four,...

  • MEXICO CITY, May 26- Mexico has cut the estimated investment required for a wholesale mobile broadband network by almost a third to $7 billion and is considering changes to make it more attractive to wireless operators, a senior government official said on Tuesday. The network, which will have exclusive use of 90 MHz of the 700 MHz band of spectrum, was written into...

  • LONDON, May 19- Britain's Vodafone posted a rise in quarterly sales for the first time in nearly three years on Tuesday in the clearest sign yet that Europe's mobile market is edging towards recovery. That follows updates from the likes of Telefonica and Deutsche Telekom which also showed signs of gradual, if slow, improvement in Europe. Vodafone, which has 446...

  • LONDON, May 19- Britain's Vodafone posted a rise in quarterly sales for the first time in nearly three years on Tuesday in the clearest sign yet that Europe's mobile market is edging towards recovery. The full-year results follow updates from the likes of Telefonica and Deutsche Telekom which also showed signs of gradual, if slow, improvement.

  • *Germany, Brazil, Latam grow but Spain still contracting. Having recently bought rivals in Germany and Brazil and agreed the sale of its British business O2 UK to Hutchison Whampoa, Telefonica is now focused on fixing its domestic business, which has shrunk by 40 percent since 2009 and today accounts for just a quarter of revenues. Telefonica last month announced...

  • *Germany, Brazil, Latam grow but Spain still contracting. MADRID, May 14- Telefonica posted higher first-quarter sales and core profits on Thursday thanks to growth abroad, a sign that an expected turnaround at the Spanish company is underway even though its home market shrank again. Having recently bought rivals in Germany and Brazil and agreed the sale of its...

  • *Vimpelcom CEO says no guarantee deal will be reached. AMSTERDAM/ MILAN, May 13- Russian telecoms group Vimpelcom is in talks with Asia's Hutchison Whampoa about merging their mobile phone businesses in Italy as a joint venture, Vimpelcom Chief Executive Jean-Yves Charlier said on Wednesday. But hammering out terms has proven difficult given the interests of...

  • May 11- Brazilian telecom group Oi SA is reconsidering the sale of its African assets as relations improve with an estranged partner, Chief Executive Bayard Gontijo said on Monday. "We are changing the center of gravity from Lisbon to Brasilia," Gontijo said, adding that relations with Isabel dos Santos, the daughter of Angolan President Jose Eduardo dos Santos,...