Carlos SlimRSS

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 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’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.

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.

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.

KPN tells shareholders to reject Slim bid as it eyes Chinese and Middle Eastern investment

KPN has advised shareholders not to accept a bid from America Movil

KPN has told its shareholders not to accept the unsolicited $3.25bn bid for shares from Mexican operator group América Móvil, claiming that the offer is too low. The operator labelled the bid, which values each share at €8, as “opportunistic” and said that it does not reflect full potential value of the firm.

Mexico’s LTE plans only as good as government’s ability to green light them

Mexico's MVS Communcaciones wants to rollout LTE in the country

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.

Slim launches $22bn LatAm shake up

Big spender: Carlos Slim, head of 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.

Deja vu

Can you remember what you were doing ten years ago this week? Were you sitting in a hot tub sipping champagne, surrounded by beautiful people? Were you kitting out your office with high end leather chairs, beer fridges and an expensive games room? Were you dreaming up a talking sock puppet mascot? Were you taking out an enormous mortgage? Were you hatching plans for a new dotcom launch that would make you a millionaire and enable all of the above?

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