|Bid||14.73 x 2180000|
|Ask||14.79 x 460000|
|Day's Range||14.51 - 15.07|
|52 Week Range||12.33 - 16.82|
|Beta (5Y Monthly)||0.44|
|PE Ratio (TTM)||51.60|
|Earnings Date||Oct 22, 2018 - Oct 26, 2018|
|Forward Dividend & Yield||0.38 (2.52%)|
|Ex-Dividend Date||Jul 16, 2020|
|1y Target Est||17.38|
Mexican broadcaster Televisa said on Sunday it will start offering mobile phone service, a bid to challenge billionaire Carlos Slim's America Movil, which has long dominated the country's telecommunications market. Rather than building infrastructure, Televisa will operate as a mobile virtual network operator, or MVNO, and begin by offering service to existing customers of its cable and home internet packages, sold under its Izzi brand. Televisa originally planned to roll out the service in September, Izzi Chief Executive Salvi Folch said in an interview.
América Móvil, S.A.B. de C.V. ("AMX") [BMV: AMX] [NYSE: AMX] [NYSE: AMOV], announced today that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2019 (the "2019 Annual Report"), with the U.S. Securities and Exchange Commission ("SEC"), and a translation into Spanish of the 2019 Annual Report (the "Informe Anual CNBV"), with the Mexican Banking and Securities Commission (Comisión Nacional Bancaria y de Valores, "CNBV"), and the Mexican Stock Exchange (Bolsa Mexicana de Valores, S.A.B. de C.V., "BMV").
A1 Telekom Austria said its networks coped well with a strong growth in data and voice traffic arising from increased home office work in the wake of the spread of the coronavirus in the first quarter, helping its profit rise 4%. "Due to the uncertain duration of the crisis, the further effects are not yet foreseeable and are quite diverse," said Chief Executive Thomas Arnoldner.
Brazilian telecoms regulator Anatel said on Thursday it was closely monitoring to decide whether to postpone the country's fifth-generation mobile network (5G) spectrum auction due to the coronavirus outbreak while insisting that it remained premature to discuss a delay. "So far, it is still possible to carry out the bidding process at the end of 2020," Anatel said in a statement, noting it is monitoring "how the current scenario evolves" to decide whether the auction should be put off until the first two months of 2021. The regulator has approved spectrum availability and other bidding rules, which are under a public review expected to be concluded by April 17.
Brazilian telecommunications firms have urged the government to postpone a spectrum auction for fifth-generation (5G) mobile network this year, citing the impact of the COVID-19 pandemic on Latin America's largest economy. "In a moment of crisis as such it is difficult to think in a long-term investment," said Marcos Ferreira, head of industry group SindiTelebrasil in Tuesday evening interview, adding that 5G technology will require heavy investments. SindiTelebrasil represents Brazil's main carriers Telefonica Brasil SA, TIM Participacoes SA, America Movil's Claro and Oi SA, among others.
Latin American companies from oil behemoth Petrobras to cement maker Cemex, facing drastic coronavirus-linked revenue declines, are rushing to draw down credit lines amid a shutdown in local bond markets and a paucity of state aid. Since concerns about the coronavirus pandemic hit the region, disbursement on revolving credit lines have risen to an average of 65% from a previous 10 percent, said a senior executive at one of the largest U.S. banks in Latin America, adding he expects it to reach 100% in the short term. Brazil's state-controlled oil company Petroleo Brasileiro SA has said it cashed out almost $9 billion from its revolving credit lines and Vale SA has drawn down $5 billion.
The trust, which administers the assets of the Gates’ foundation, disclosed that it now owns 5% of the closed-end fund, which focuses on Mexico Stock Exchange listings. The Mexico Fund has tumbled this year amid the market disruption cased by the coronavirus pandemic.
America Movil (AMX) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
Telefonica Brasil SA and TIM Participações SA have expressed interest in negotiating a joint offer to buy the mobile unit of bankrupt Brazilian carrier Oi SA, the two companies said on Tuesday in securities filings. The companies informed Oi's financial advisor Bank of America Merrill Lynch of their interest in starting negotiations for a potential acquisition of all or part of Oi's mobile division.
Colombia has launched a process to charge Novator Partners 42 billion pesos ($12.3 million) after the British company pulled out of a 10 mega hertz (MHz) block it was awarded in the 2,500 Mhz bandwidth spectrum of a December auction. The Ministry of Information Technology and Communications awarded three companies with bandwidth in the 700 Mhz and 2,500 Mhz spectrums during an auction as part of efforts to improve mobile telephone services and expand internet access. Novator Partners, a privately held company, wrote to the ministry on Jan. 2 to withdraw from the block within the 2,500 Mhz band and for which it had submitted an offer of 1.74 billion pesos ($511.6 million).
America Movil, Mexico's largest telecommunications provider, shed light on its plans to roll out 5G technology in Latin America on Wednesday as the company's shares surged on a strong earnings report. America Movil shares rose as much as 6% to 16.72 pesos, the highest since July 2018. For 2020, America Movil will focus on rolling out 5G technology in Latin America, Chief Executive Daniel Hajj said on a call with analysts.
America Movil, the telecoms giant controlled by the family of Mexican billionaire Carlos Slim, said on Monday that one of its subsidiaries had been fined 1.3 billion pesos ($69.53 million) by Mexico's telecoms regulator. The regulator, the Federal Telecommunications Institute (IFT), said in a statement that it fined the company for failing to share information about the availability of its telecom infrastructure, such as posts, with competitors. America Movil, which has long dominated Mexico's telecoms market, is required to open its infrastructure to industry rivals in order to promote competition.