|Bid||0.00 x 2180000|
|Ask||0.00 x 460000|
|Day's Range||17.55 - 18.44|
|52 Week Range||11.07 - 18.44|
|PE Ratio (TTM)||25.93|
|Forward Dividend & Yield||0.02 (1.81%)|
|1y Target Est||N/A|
Mexico may be in a trade negotiation battle with the United States, but domestic telecom reform is slowly but steadily improving the competitive outlook for telecom giant America Movil (AMXL.MX and AMX). The company, owned by billionaire Carlos Slim, held a monopoly on Mexico telecom. The iShares MSCI Mexico Capped exchange-traded fund (EWW) has returned 19% in the same period.
The major indexes climbed to record highs Friday afternoon as Cisco Systems and Salesforce.com broke out of bases.
Mexico is the largest economy in the Latin American region with a growing middle class population that is eager to spend more on high-speed wireless networks for optimal use of smartphones and tablets.
MEXICO CITY (Reuters) - Mexico's telecommunications regulator IFT on Thursday asked billionaire Carlos Slim's company America Movil to modify a proposal to separate out its fixed-line services, the regulator ...
Mexico's telecommunications regulator IFT on Thursday asked billionaire Carlos Slim's company America Movil to modify a proposal to separate out its fixed-line services, the regulator said in a statement....
Comcast Corp. (CMCSA) and America Movil SAB (AMX) submit joint bids to the Mexican Football Federation for rights to telecast the men's and women's Mexico national team over the next two World Cup cycles.
The bid for the U.S. market includes rights across all media platforms, while the other bid includes global digital media rights, excluding the U.S. "We look forward to leveraging the extensive expertise of NBCUniversal and Telemundo Deportes to bring the Mexico National team to a level never seen before in the U.S. Hispanic market," said Marcos Santana, president of Telemundo International.
No significant developments took place in the telecom industry last week despite its major stocks gaining value. However, a few events attracted attention.
America Movil's (AMX) efforts to enrich its wireless spectrum portfolio, along with recent approval to enter into the pay-TV market of Argentina are expected to bode well for the company.
America Movil SAB (AMX) faces intense competition in Mexico. The company's expansion bid in Argentina and other key global markets is stoked by the increasing contest with rival players at home.
Phone services will not be interrupted if workers go on strike next week, says a spokesperson for Mexican telecom tycoon Carlos Slim Helú.
Telefonica, the Spanish telecoms giant which has long struggled to gain traction in Mexico, is appealing to Mexican officials for a discount on spectrum payments coming due next year, three people with knowledge of the matter said. Telefonica SA, the No. 2 player in Mexico by mobile market share, must soon pay to renew roughly a third of its spectrum licenses, which are set to expire after 20 years and could cost the company tens of millions of dollars. The company has been lobbying Mexico's Finance Ministry and telecommunications regulator for a break on the licenses, warning that the payment could threaten its place in the market, the people said.
The OECD report stated that the reforms have transform Mexico into one of the lowest telecom price countries from one of the highest.
As Carlos Slim’s America Movil begins to loosen its grip on Mexico’s telecom sector, the company could be the key to more competition in television, another highly saturated Mexican industry, a report released on Thursday said. The Organization for Economic Co-operation and Development hailed the results of Mexico’s 2014 telecom reform, which sought to shake up a sector long dominated by Slim and was in part based on a 2012 study by the Paris-based group.
America Movil SAB and Grupo Televisa SAB should face more regulatory restrictions to help Mexico’s telecommunications market continue to blossom, according to the Organization for Economic Co-Operation ...
Mexican billionaire Carlos Slim's America Movil said on Tuesday that it had complied with a Colombian arbitration ruling ordering it to pay the government $1.08 billion for wireless telecommunication assets used in the South American nation. "COMCEL will exhaust every national and international available legal action to challenge the arbitral award," the company said.
America Movil SAB's (AMX) wireline and wireless divisions control, about 66% and 68%, respectively, of the Mexican telecom space.
America Movil's Telcel unit and AT&T have reached an agreement regarding roaming services in Mexico, America Movil announced on Wednesday. Under the agreement, Mexican mogul Carlos Slim's America Movil ...
Mexican Economy Minister Ildefonso Guajardo on Friday said it was "impossible" that country-specific rules of origin could be included in the North American Free Trade Agreement, currently being ...
Mexican mogul Carlos Slim has won a ruling weakening the impact of a landmark reform bill on his America Movil cellular operator, but that nation’s telecoms regulator could yet spoil his celebration. Mexico's top court ruled unanimously on Wednesday that America Movil should not be barred by law from charging its competitors interconnection fees. The decision weakened a key pillar of a 2014 sector reform designed to curb the dominance of Slim's telecommunications juggernaut, which was created from a state monopoly and still holds about two-thirds of mobile subscriptions in Mexico.
Mexico’s Supreme Court ruled a law requiring dominant phone carrier América Móvil SAB to complete calls from rival networks without charge is unconstitutional, leaving it up to regulators to determine ...
Mexico's Supreme Court on Wednesday ruled billionaire Carlos Slim's telecommunications company America Movil should not be barred by law from charging competitors certain fees, prompting fears of a rollback of a sweeping antitrust reform. The 2014 telecom industry reform, one of Mexican President Enrique Pena Nieto's signature accomplishments, prohibited America Movil from charging other carriers for calls made to customers on its network, even though those firms are allowed to bill America Movil for using their networks. It was one of several changes, along with an opening of the state-run energy industry, that have increased competition in Mexico's strategic industries.