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AT&T to acquire Mexico’s Iusacell

AT&T set to enter Mexican mobile market

AT&T has announced it has agreed to acquire Iusacell from Grupo Salinas for $2.5 billion, including the mobile operator’s debt, all wireless properties and its 8.6 million subscribers. However, the transaction will only take place once Grupo Salinas has finalised its purchase of 50% of Iusacell that it currently doesn’t own.

Altice bids for Portugal Telecom

Portugal Telecom could soon have a new onwer

France-based cable group Altice has made an official bid to acquire the Portuguese assets of Portugal Telecom (PT) from Brazilian Oi for €7.03 billion. The assets in question include the Portuguese incumbent’s business excluding African operations, its Rioforte debt securities, Oi treasury shares and PT’s financing vehicles.

SoftBank eyeing up América Móvil wireless assets – report

SoftBank's CEO Masayoshi Son ponders América Móvil assets?

SoftBank is considering buying the wireless assets of Carlos Slim-owned América Móvil, according to a report. Apparently the Japanese tech giant has asked US subsidiary firm Sprint’s CEO Marcelo Claure to gather information on the business up for sale on its behalf.

Telecom Italia and AT&T both mull LatAm acquisitions

Telecom Italia and AT&T both have their eyes on  Latin America

Telecom Italia is said to be weighing up the possibility of buying Brazilian telco Oi in a bid to strengthen its local arm TIM Brazil) position in the South American market, where it looks likely to get squeezed if Telefónica’s purchase of GVT goes through as planned.

América Móvil announces asset sale to placate Mexican regulators

Carlos Slim needs to dispose of some assets

Mexican telco giant América Móvil has announced it will dispose of a bunch of its Mexican assets in order reduce its overall share of the Mexican mobile market, and thus avoid special regulatory restriction that have come into effect on the back of new laws.

AT&T flogs America Movil stake

Carlos Slim bought back the stake in America Movil

US carrier AT&T has offloaded an 8.27 per cent stake, worth around $5.6bn, in Latin American operation America Movil, as it seeks to fund its acquisition of DirecTV. The America Movil shares were snapped up by the company’s billionaire owner, Carlos Slim, via his holding company Inmobiliaria Carso.

Telekom Austria, America Movil create international fibre net

The pairing will create the world's largest fibre network

Telekom Austria Group and América Móvil on Friday unveiled a deal that proposes to create one of the world’s largest fibre networks, with a joint footprint with 200 Points of Presence (PoP) within 47 countries, through the interconnection of networks offering voice, roaming, data and mobile services.

Telekom Austria reports Q1 profit drop

Telekom_Austria_logo

Telekom_Austria_logoTelekom Austria, the Austrian incumbent of which America Movil’s Carlos Slim is currently attempting to gain full control, has reported a year on year decline of 26.5 per cent in net profit for the first quarter of 2014. Group revenues for the firm, which has operations in a number of Central and Eastern European markets, were down seven per cent to €975.9m, yielding profit of €40.8m.

America Movil bids to take control of Telekom Austria

America Movil intends to acquire all outstanding shares in European operator group Telekom Austria

Latin American operator group America Movil has announced its intention to acquire all outstanding shares in European operator group Telekom Austria.

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.

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