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Telecom Carlos Slim

  • 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...

  • MEXICO CITY, July 18- Samsung Electronics Co Ltd and America Movil, the telecoms company controlled by Mexican billionaire Carlos Slim, said on Tuesday they had signed an agreement to provide the latest technology to Latin American consumers. The aim of the partnership is to deliver the 4.5 G network in Mexico and other Latin American countries and to open up...

  • VIENNA, July 18- Telekom Austria, a unit of Mexican tycoon Carlos Slim's America Movil, reported a 7.8 percent rise in second-quarter core profit, helped by strong demand in its home market and in Belarus. In Belarus, an appreciation of the local currency versus the euro- which provided a 3.9 million euros boost- and strong demand helped increase EBITDA by 45 percent.

  • VIENNA, July 18- Telekom Austria, a unit of Mexican tycoon Carlos Slim's America Movil, reported a 7.8 percent rise in second-quarter core profit, helped by strong demand in its home market and in Belarus. Earnings before interest, tax, depreciation and amortization rose to 359.3 million euros on revenue of 1.08 billion euros, the group said on Tuesday.

  • MEXICO CITY, July 7- Mexican billionaire Carlos Slim's America Movil has completed its purchase of rights to 60 megahertz of spectrum from Grupo MVS, America Movil said on Friday. In November, America Movil said its wireless subsidiary had agreed to purchase 60 MHz of spectrum in the 2.5 GHz band. America Movil has said the acquisition boosts its offer of...

  • MEXICO CITY, July 5- Billionaire Carlos Slim's America Movil argued on Wednesday against rules brought in by an overhaul of the country's telecommunications industry, saying in a statement they were unfair and had led to a loss of its business rights. In the latest chapter in a fight that could shape the future of competition in the sector, the supreme court is...

  • MEXICO CITY, June 26- President Enrique Pena Nieto and industry executives praised a three-year-old overhaul of Mexico's telecommunications sector on Monday as it faces a major challenge from billionaire Carlos Slim in the Supreme Court. It would have condemned Mexico to falling behind, " Pena Nieto told hundreds of government officials and industry...

  • MEXICO CITY, June 14- The United States, Mexico and three Central American nations will this week unveil plans to work with billionaire Carlos Slim's charity to tackle crime in Central America and find new ways of slowing migration, according to a draft document. Top U.S., Mexican and Central American officials meet in Miami on Thursday and Friday to discuss how to...

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  • May 26- Billionaire Carlos Slim is looking to sell a minority stake in Telesites SAB de CV, the Mexican wireless tower company that he controls, people familiar with the matter said on Friday. It competes with American Tower Corporation in Mexico. "We see little progress in third-party usage of Telesites' towers," Itau BBA analyst Gregorio Tomassi said in a May 3...

  • MEXICO CITY, May 25- Giant Motors, an automaker partially owned by Mexican billionaire Carlos Slim, is working on a prototype electric taxi to replace the gas-guzzling cabs polluting Mexico City's air, a company executive said. Over the last few years Giant Motors and Moldex have developed and sold 500 light-weight, electric cargo trucks capable of handling up...

  • MEXICO CITY, May 16- Top Mexican miners Grupo Mexico, Penoles, Fresnillo and billionaire Carlos Slim's Frisco together owe nearly $180 million in mining royalties to Mexico for 2015, according to preliminary government figures seen by Reuters. The documents, which are part of an industry-wide review for tax compliance led by Mexico's tax authority, estimate...

  • MEXICO CITY, April 26- Mexican telecoms company America Movil has submitted its proposal for separating a part of its fixed-line unit Telmex from the rest of the company, and expects approval in coming months, a company executive said Wednesday. The Federal Telecommunications Institute on March 8 gave America Movil 65 working days to propose a plan for the...

  • MEXICO CITY, April 25- Mexican billionaire Carlos Slim's telecoms company America Movil posted a sevenfold increase in first-quarter net profit on Tuesday, beating analyst expectations as the peso appreciated against the dollar and euro. America Movil said revenue was 264.16 billion pesos for the quarter, up from 222.99 billion pesos in the same...