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Telecom Carlos Slim

  • 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...

  • 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...