|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.8000 - 0.8000|
|52 Week Range||0.6200 - 0.9500|
|Beta (3Y Monthly)||-0.30|
|PE Ratio (TTM)||40.00|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
America Movil, the Mexican telecoms company controlled by the family of tycoon Carlos Slim, said on Tuesday its shareholders had approved a share buyback plan worth 3 billion pesos for the period April ...
Mexican President Andres Manuel Lopez Obrador said on Tuesday that billionaire Carlos Slim, the country's richest man, has told him he aims to retire during his administration, and has committed to helping the economy in the process. "He wants to end his business life helping economic growth and public welfare during this government," Lopez Obrador told a regular morning news conference. Arturo Elias, a spokesman and son-in-law of the 79-year-old Slim, later issued a brief statement on Twitter.
Mexican President Andres Manuel Lopez Obrador said on Tuesday Carlos Slim had told him the billionaire planned to retire during his administration, in a step at odds with the tycoon's usually discreet approach to public life. Slim, who for a time was listed by Forbes as the world's richest man, did not confirm the president's unexpected announcement, but said through a spokesman that hard work lay ahead for the two of them over the next six years. Slim was the first question of the day during Lopez Obrador's regular morning news conference, as a reporter asked if he had met the tycoon and what he thought about his plans.
Telefonica TEF is the incumbent telephone operator in Spain and, along with America Movil AMOV / AMX , it is one of two dominant operators in Latin America. Thanks to its acquisition of E-Plus in Germany, it is the largest wireless operator by number of subscribers in the country. It is also the second-largest wireless operator in the United Kingdom.
Shares in America Movil rose more than 3.5 percent in early trade on Tuesday after the Mexican telecoms firm said on Monday it would acquire 100 percent of rival Nextel's Brazil operation, strengthening ...
Mexico's America Movil, which controls telecom operator Claro in Brazil, said on Monday that it will acquire 100 percent of rival Nextel's Brazil operation, allowing for consolidation in the country's already crowded sector. Claro will pay 905 million dollars for the company, which is controlled by mobile service company Nii Holdings Inc. The company had been on sale for months, as Reuters reported in June that Nii Holdings had hired new banks as it sought a buyer.
Ratings agency Standard & Poor's (S&P) on Monday slashed the credit rating for Mexico's national oil company Petroleos Mexicanos, or Pemex, piling more pressure on the government to tighten up the debt-laden oil firm's finances. S&P followed the Pemex cut with lower credit outlooks for a range of major Mexican financial institutions and companies, including telecommunications giant America Movil and Coca-Cola Femsa, the world's largest Coke bottler.
Ratings agency Standard & Poor's on Monday slashed the stand-alone credit profile of Mexico's national oil company Pemex, piling more pressure on the government to tighten up the debt-laden state-owned oil firm's finances. S&P cut its stand-alone assessment of Petroleos Mexicanos, as Pemex is formally known, to 'B-' from 'BB-', reflecting growing concern that support pledged by the government to shore up the firm and its slowing production will not be enough. The agency also cut Pemex's outlook to negative from stable, just as it did for the Mexican government late on Friday.
Most Latin American stocks dropped on Wednesday, as shares in heavyweight Brazil ran out of steam and Mexican stocks tumbled, while Latin American currencies softened against a stronger U.S. dollar. Equities ...
Shares in Mexican billionaire Carlos Slim's America Movil tumbled more than 5 percent a day after it reported slightly better than expected fourth quarter profit that did not impress investors disappointed by weak results all year. Striking an optimistic note about the year ahead, executives on Wednesday highlighted the company's recent application for its first Mexican pay television license and forecast higher investments to grow its network. America Movil is controlled by the family of Slim, who was once the world's richest man but whose fortune was diminished by increased competition after Mexican telecommunications reforms.
America Movil reported a net profit of 10.7 billion pesos ($541.7 million) for the fourth quarter on Tuesday, reversing from losses in the year-ago period, when currency swings battered the company's results. The company, Latin America's largest telecommunications firm by number of subscribers and controlled by the family of Mexican billionaire Carlos Slim, reported revenue of 262.3 billion pesos, down slightly from 263.9 billion pesos during the year-ago period. Analysts had expected revenue to decline slightly due to the weakening of Latin American currencies against the dollar during the quarter, ended in December.
A1 Telekom Austria reported a 30 percent fall in its full-year net profit on Tuesday, hurt by investment in digitalisation, restructuring, advertising and higher taxes. Austria's leading telecommunications and data services provider, majority-owned by Mexican tycoon Carlos Slim's America Movil, said it will nonetheless propose to raise its dividend for 2018 by 1 cent to 0.21 euros per share. The company, in which the Austrian state also holds a 28.4 percent stake, said it booked a net profit of 242.7 million euros ($274.7 million) in 2018.
MEXICO CITY—Mexican telecommunications company América Móvil SAB said Thursday it has bought the Guatemalan operations of Telefónica SA, and agreed to acquire the Spanish company’s business in El Salvador. América Móvil, controlled by billionaire Carlos Slim, said it paid $333 million for 100% of Telefónica Móviles Guatemala and has agreed to pay $315 million for 99.3% of Telefónica Móviles El Salvador, which it is buying from Telefónica and several of its affiliates.
Mexico's America Movil said on Thursday it is acquiring Telefonica's operations in Guatemala for $333 million and in El Salvador for $315 million. America Movil, which is controlled by the family of Mexican billionaire Carlos Slim, said in a statement that it will acquire 100 percent of the Guatemalan business and 99.3 percent of the Salvadoran business. The transaction in Guatemala has closed, and the Salvadoran deal is pending regulatory approval, the statement added.
America Movil, the telecoms giant controlled by the family of Mexican billionaire Carlos Slim, said on Thursday that it had been fined nearly $128 million by the country's telecoms regulator, a decision it vowed to fight. In a notice to the Mexican stock exchange, America Movil said its Telmex subsidiary had been slapped with a fine of 2.54 billion pesos ($127.74 million) by Mexico's Federal Telecommunications Institute (IFT). Telmex was penalized for allegedly failing to meet quality standards for the telecoms infrastructure it offered other companies in 2013 and 2014.
America Movil (AMX) is the largest telecommunications company in all of Latin America with over 280 million wireless customers and over 80 million television and internet users across 25 countries. The company dominates its domestic market in Mexico, with north of 65% market share. Warning! GuruFocus has detected 3 Warning Signs with AMX.
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Mexican telecommunications company America Movil expects to increase its returns to shareholders when it meets its target for leverage, the company said on Wednesday, as shares fell after the company's performance fell short of analysts' estimates. In a call with analysts, Chief Financial Officer Carlos Garcia Moreno said the company could reach its leverage target of 1.5 times EBITDA, a closely watched measure of profitability, as soon as the middle of next year. America Movil, which is controlled by the family of Mexican billionaire Carlos Slim, reported a third-quarter net profit of 18.96 billion pesos ($1 billion) on Tuesday.
Mexican telecommunications giant America Movil expects to increase its returns to shareholders when it meets its target for leverage, Chief Financial Officer Carlos Garcia Moreno said during a call with ...