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Telecom Carlos Slim

  • Mexico's top court ruled unanimously on Wednesday that America Movil, Slim's telecommunications juggernaut, should not be barred by law from charging its competitors interconnection fees. The decision weakened a key pillar of a 2014 sector reform designed to curb the dominance of America Movil, which was created from a state monopoly and still holds about...

  • MEXICO CITY, Aug 16- Mexico's Supreme Court on Wednesday ruled billionaire Carlos Slim's telecommunications company America Movil should not be barred by law from charging competitors certain fees, prompting fears of a rollback of a sweeping antitrust reform. The 2014 telecom industry reform, one of Mexican President Enrique Pena Nieto's signature...

  • MEXICO CITY, Aug 16- Mexico's Supreme Court on Wednesday ruled billionaire Carlos Slim's telecommunications company America Movil should not be barred by law from charging competitors certain fees, prompting fears of a rollback of a sweeping antitrust reform. The 2014 telecom industry reform, one of Mexican President Enrique Pena Nieto's signature...

  • MEXICO CITY, Aug 16- Mexico's Supreme Court on Wednesday ruled billionaire Carlos Slim's telecommunications company America Movil should not be barred by law from charging competitors certain fees, prompting fears of a rollback of a sweeping antitrust reform. The 2014 telecom industry reform, one of Mexican President Enrique Pena Nieto's signature...

  • MEXICO CITY, Aug 16- The Mexican Supreme Court on Wednesday found unanimously that billionaire Carlos Slim's telecommunications company America Movil should not be barred by law from charging its rivals interconnection fees, a setback to a sweeping reform intended to curb the firm's dominance. The 2014 telecom industry reform, one of Mexican President...

  • MEXICO CITY, Aug 16- The Mexican Supreme Court on Wednesday found unanimously that billionaire Carlos Slim's telecommunications company America Movil should not be barred by law from charging its rivals interconnection fees, a setback to a sweeping reform intended to curb the firm's dominance. The 2014 telecom industry reform, one of Mexican President...

  • MEXICO CITY, Aug 16- The Mexican Supreme Court on Wednesday unanimously found billionaire Carlos Slim's telecom firm America Movil SAB de CV should not be barred by law from charging its rivals interconnection fees, in a setback to a reform intended to curb the firm's dominance. The 2014 industry reform, one of Mexican President Enrique Pena Nieto's signature...

  • MEXICO CITY, Aug 3- Many Mexican companies, from dominant telecom provider America Movil to bottler Femsa, cut debts in the second quarter, helped by a stronger peso, although they are unlikely to rush to return money to investors or increase investment. America Movil, for example, shrank its net debt from 629.7 billion pesos in December to 550.8 billion pesos in...

  • MEXICO CITY, Aug 2- Mexican mogul Carlos Slim sold off a small portion of his 17 percent stake in the New York Times Co last week, capitalizing on the stock's considerable rally this year. Slim sold 521,500 shares of the stock on July 28, yielding about $10 million, according to a filing with the U.S. Securities and Exchange Commission. The cornerstone of his empire is...

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  • VIENNA, July 28- Mobile telecoms firm Hutchison Drei Austria is buying landline-focused Tele2 from its Swedish owner for 95 million euros to create a rival to Mexican tycoon Carlos Slim's Telekom Austria. Drei said on Friday the merged group, led by Hong Kong- based Hutchison, would have around 1 billion euros in annual sales and four million mobile, landline and...

  • VIENNA, July 28- Mobile firm Hutchison Drei Austria is buying landline-focused Tele2 from its Swedish owner for 95 million euros to create a rival to Mexican tycoon Carlos Slim's Telekom Austria. Drei, also known as Three, said on Friday the merged group, led by Hong Kong- based Hutchison, would have around 1 billion euros in annual sales and four million mobile,...

  • VIENNA, July 28- Mobile firm Hutchison Drei Austria said on Friday it would buy landline-focused Tele2 from its Swedish owner for 95 million euros, creating a telecoms group to rival Telekom Austria. Drei, also known as Three, said the merged group, led by Hong Kong- based Hutchison, would have 1,500 employees, around 1 billion euros in annual sales and four million...

  • VIENNA, July 28- Mobile telecoms group Hutchison Drei Austria will buy landline-focused Tele2 for 95 million euros, it said on Friday, creating a group to rival Mexican tycoon Carlos Slim's Telekom Austria. The merged entity will have 1,500 employees, 1 billion euros in annual revenue and four million mobile, landline and internet contracts, or revenue...

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  • MEXICO CITY, July 26- America Movil, the telecommunications company of Mexican tycoon Carlos Slim, and Movistar, the Colombian unit of Spain's Telefonica SA, may not have to pay any compensation while legal action in Colombia is under review, a government minister said on Wednesday. Shares of America Movil closed down 0.32 percent and Telefonica shares closed up...

  • MEXICO CITY, July 19- Mexican billionaire Carlos Slim's America Movil expects regulatory approval to separate part of its Telmex unit by the end of 2017 or early next year, its chief executive said on Wednesday. Mexico's Federal Telecommunications Institute said in March that America Movil, controlled by the Slim family, must separate part of its network...

  • MEXICO CITY, July 19- America Movil, Latin America's largest telecommunications company by number of subscribers, expects approval from Mexico's telecoms regulator to separate part of its Telmex unit in the fourth quarter of this year or the first three months of 2018, its chief executive said on Wednesday. Mexico's Federal Telecommunications Institute...

  • MEXICO CITY, July 18- America Movil, Latin America's largest telecommunications company by number of subscribers, posted an 86 percent increase in net profit in its second quarter, helped by the peso's gains. America Movil pointed to a 21.8 percent increase in mobile data revenues as a key driver of its success. Analysts had expected America Movil to get a boost...

  • MEXICO CITY, July 18- America Movil, Latin America's largest telecommunications company by number of subscribers, posted an 86 percent increase in net profit in its second quarter, helped by the peso's gains. America Movil pointed to a 21.8 percent increase in mobile data revenues as a key driver of its success. In March, the Federal Telecommunications Institute...