America Movil’s intention to take over a 28 per cent stake in Dutch operator KPN is an indication of two important developments in the changing global telecoms sector. While some European operators are still expanding internationally, the balance of power in the global market is shifting away from old European players to emerging telecoms giants. At the same time, new global players from the emerging markets are looking to diversify their presence with the main objective of bringing in the know-how and experience of operators from the mature markets.
Latin-American operator group America Movil has tendered a bid to take its stake in Dutch fixed-line and mobile operator KPN from 4.8 per cent to 28 per cent, as it aims to expand its geographic reach. The firm, bankrolled by billionaire Carlos Slim, is currently the third largest operator group in the world, in terms of subscriptions, according to Informa’s World Cellular Information Service (WCIS).
Latin American operator group América Móvil is spearheading the launch of a mobile money service in Mexico, aimed to serve the nation’s underbanked population. The service, called Transfer, will be launched by a joint venture between the operator, Citibank´s Mexican unit Banamex and local bank Banco Inbursa.
América Móvil, the Latin American carrier owned by magnate Carlos Slim, has announced a deeper partnership with AT&T to deliver IP-based services to enterprises throughout LatAm and growth markets in Asia and the Middle East.
In a telecoms market not noted for competition, Mexico’s MVS Communicaciones’ announcement of plans to invest $1bn in an LTE network as part of a consortium that includes Clearwire and Intel should, in theory, shake things up. The consortium would sell access to its network to a variety of local players, including its rivals, opening up a market that has been dominated by billionaire Carlos Slim’s America Movil.
Latin American operator, America Movil, has launched its $21.8bn bid for control of three other regional telecoms firms. It sounds like big money but given that America Movil’s top man is none other than Carlos Slim Helu, the richest man in the world, such moves are to be expected.
In a week dominated by events as profoundly sobering as the Haitian earthquake and its aftermath, the news that the mobile industry will turn over more than $1 trillion for the first time in 2013 is given serious context. Aid agencies that are calling for donations in the stricken Caribbean nation report that £50 can buy a food parcel that will feed a displaced family for two weeks.
Carlos Slim, head of Latin American powerhouse America Movil and third richest man in the world, may be jumping a couple of spaces in the rich list on the back of a move to consolidate his empire.
The son of Carlos Slim, one of the three richest men in the world, Patrick Slim Domit inherited from his father the number one spot at the third largest mobile carrier group in the world, by subscriber numbers.
Spare ribs, that’s what the Informer needs after all of the ones he was born with exploded from excessive laughter this week, which featured, nestled at its centre, April Fool’s Day. One of the great George W. Bushisms runs: “There’s an old saying in Texas: ‘Fool me once… shame on… shame on you. Fool me… you can’t get fooled again.” And that’s kind of how the Informer felt as March went out like a lamb.
A step in the right direction but does it go far enough?
Sharing an allowance among family members is one ...
I agree with Dan about this being a excellent read, and that QNX is not well known but sooner or ...
Excellent read with some actual facts compared to the hack journalist/bloggers on the interest. Many don't understand what QNX ...
The main issue with Telenor is that whether they made underhand payments to ge the licenses. If they did, then ...
Over The Top providers have become the staple wildcard in almost any sector set on a collision path with mobile. By and large they are very good at what they do: connecting a user with their chosen content or service by whatever means available.
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