|Bid||15.920 x 2500|
|Ask||15.930 x 1200|
|Day's Range||15.920 - 16.130|
|52 Week Range||11.020 - 16.560|
|PE Ratio (TTM)||23.45|
|Dividend & Yield||0.33 (2.11%)|
|1y Target Est||N/A|
France's JCDecaux will create a joint venture with Mexican telecommunications group America Movil, it said on Tuesday, as part of the outdoor advertising company's drive to expand in Latin America. The two groups will merge their out of home (OOH) advertising businesses, with JCDecaux holding 60 percent of the new company, JCD Out Of Home Mexico, S.A. de C.V. (JCDecaux MX), and the rest held by a wholly owned subsidiary of America Movil, JCDecaux said.
President Enrique Pena Nieto and industry executives praised a three-year-old overhaul of Mexico's telecommunications sector on Monday as it faces a major challenge from billionaire Carlos Slim in the Supreme Court. The number of Mexicans with cellphones surged by 20 million to 81 million in 2016 since the constitutional reform, while the number of Internet users has expanded to 65 million from 41 million, Pena Nieto said in an apparent bid to increase public support for the law.
Mexico's Supreme Court ruled on Wednesday in a spat over interconnection rates paid between telecommunications firm America Movil (AMXL.MX) and rivals that touches on a bigger case related to an antitrust reform the company is fighting. Long-dominant America Movil, controlled by billionaire Carlos Slim, is challenging several aspects of a 2013-14 telecommunications reform that opened the door to more competition in the industry. On Wednesday, the court ruled partly in favor of a unit of America Movil against Pegaso PCS and Grupo de Telecomunicaciones Mexicanas, both of which are units of Telefonica (TEF.MC), in a case involving rates charged to interconnect calls between their networks in 2015.