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Telekom Austria parts with CFO after America Movil conflict

Telekom Austria CFO Hans Tschuden has agreed to leave the firm following a conflict at the firm's AGM

Operator group Telekom Austria has parted ways with group chief financial officer Hans Tschuden. His exit appears to be over a conflict with the operator’s Works Council concerning Latin American operator group America Movil, which recently increased its shareholding in the firm.

Telekom Austria CEO foresees increased foreign investment in Europe

Hannes Ametsreiter called the spectrum price a "bitter pill"

The CEO of Telekom Austria, Hannes Ametsreiter, has told Telecoms.com that he expects to see increased investment in the European telecom sector and that some European telcos might see their headquarters shift outside of the region as a result. Telekom Austria is itself part owned by Mexican billionaire and America Movil CEO Carlos Slim, who is reportedly keen to take full ownership of the Austrian incumbent.

Slim raises stake in Telekom Austria

Carlos Slim's América Móvil has increased its stake in America Movil

Latin American operator group America Movil has increased its stake in European operator group Telekom Austria. The LatAm group, controlled by billionaire Carlos Slim, has agreed to acquire 13.9 million shares in Telekom Austria, through Carso Telecom, a holding company owned by America Movil. The shares equate to a 3.14 per cent stake in the European group.

América Móvil drops KPN takeover bid

Carlos Slim's América Móvil has said it will drop its offer to fully acquire KPN

Latin American operator group América Móvil has abandoned its attempt to acquire Dutch operator KPN. The Mexican group said the blocking move made by the KPN Foundation in August had left it unable to “fulfil its aim” with the deal.

KPN shareholders approve E-Plus sale

AT&T has acquired Alltel

Shareholders in Dutch operator group KPN have approved the sale of German subsidiary E-Plus to Telefónica Deutschland at an extraordinary general meeting.

KPN to incur €3.7bn loss as a result of E-Plus sale

KPN is set to make a €3.7bn loss on its sale of E-Plus to Telefonica

Dutch operator group KPN has announced it is expecting to make a loss of €3.7bn that it can deduct against taxes as a result of the sale of its German subsidiary E-Plus to Telefonica Deutschland.

KPN CFO steps down

Eric Hageman has left his role as KPN's group CFO

Dutch operator group KPN’s chief financial officer Eric Hageman has stepped down from his role, citing personal circumstances. His resignation comes as Latin American group America Movil attempts a full takeover of KPN; a deal that has met with a number of challenges.

América Móvil’s KPN deal threatened by KPN Foundation

Carlos Slim's América Móvil said it could walk away from the KPN deal

Mexican operator América Móvil has said that it is prepared to withdraw its €2.40/share bid for ownership of Dutch incumbent KPN after the independent KPN foundation exercised an option to buy shares that has given it almost 50 per cent of the voting rights in the telco.

Telefonica wins approval with sweetened KPN deal

It looks like America Movil has given its approval to the takeover of KPN’s German unit E-Plus after Telefónica Deutschland sweetened its original deal.

America Movil secures KPN takeover funding

America Movil has secured the funding to finance its takeover of  KPN

Latin American operator group America Movil announced that it has secured the funding needed to finance its takeover of European operator KPN.

America Movil eyes full control of KPN

Big spender: Carlos Slim, head of America Movil

Latin American operator group America Movil has made an offer to acquire the outstanding shares in Dutch operator group KPN. The Mexico-based firm already owns a 29.8 per cent stake in the operator but is looking to own it outright, or at least secure a majority share, as it steps up its efforts to expand further into Europe.

América Móvil free to raise stake in KPN

América Móvil could increase its stake in European operator group KPN after ending a truce to cap its stake

Mexico based operator group América Móvil could increase its stake in European operator group KPN after ending a truce to cap its stake in the Dutch based firm.

Operator boards to blame for lack of innovation

Operator board members are less innovative than those at OTT players, claims European Leaders

The boards of the world’s ten largest operators are dominated by executives with legal, financial and engineering backgrounds, resulting in a conservative culture that “struggles to drive and nurture innovation”, according to recruitment consultancy European Leaders.

America Movil invests $40m in Shazam

America Movil has invested $40m in music recognition app Shazam

Latin American operator group America Movil has invested $40m in music recognition app Shazam. The move strengthens Shazam’s presence in Latin America, according to the app maker, as it looks to grow its similar television offering and develop other new products.

Claro Chile launches LTE services

Claro Chile has launched LTE services

América Móvil-owned operator Claro Chile has launched the country’s first commercial LTE services. The launch follows trials launched in November 2012. The operator conducted the first LTE session on its network in March this year.

Very big numbers

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Mirror, mirror on the wall, who’s the richest of them all?

According to the Bloomberg Billionaires Index released this week, Microsoft founder Bill Gates has just edged past Mexican mogul Carlos Slim, who’s lost more than a few pounds since Mexico’s government passed a bill that could quash America Movil’s market dominance.

Verizon up, TeliaSonera, America Movil down

USA’s Verizon, Sweden’s TeliaSonera and Mexico’s América Móvil have each posted their quarterly financial results

This week US operator Verizon reported a net profit of $1.95bn for the first quarter of 2013, a 16 per cent year on year increase compared with the $1.69bn generated in 1Q12. The firm’s first-quarter revenues hit $29.4bn, marking a 4.2 per cent increase on 1Q12.

Mexico proposes regulatory reform

Mexico's three main political parties agreed to support proposals for a much stronger regulatory regime

Mexico could be on the verge of a major reform of its telecoms sector after the country’s three main political parties agreed to support proposals for a much stronger regulatory regime.

Firefox mobile OS draws significant operator backing

Handsets running Firefox OS are expected on the market in early 2013

The chief executives of Telecom Italia, Telenor, Telefónica, America Movil and Deutsche Telekom were all on hand at a Mozilla press conference on Sunday evening in Barcelona to voice their enthusiasm for the Firefox browser developer’s new HTML5-based smartphone OS.

América Móvil reports disappointing Q4 earnings

América Móvil saw its net profit for 4Q12 drop by 8.2 per cent to 15 billion pesos

Mexican operator group América Móvil has seen its net profit for 4Q12 drop by 8.2 per cent to 15bn pesos ($1.2bn), while revenue for the quarter fell 1.1 per cent to 198bn pesos. The firm blamed the account of the depreciation of various currencies versus the peso.

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