America Movil SAB de CV (ADR) (NYSE:AMX) Contacts AT&T (T) For $17.5 Billion Asset Sale

Boston, MA 09/17/2014 (wallstreetpr) – America Movil SAB de CV (ADR) (NYSE:AMX) has not yet found a suitable buyer for some of its Mexican mobile assets. However, the company has contacted AT&T Inc. (NYSE:T) and SoftBank, the owner of Sprint Corporation (NYSE:S), for a deal that could be worth $17.5 billion. Some have also cited […]

America Movil SAB de CV (ADR)(NYSE:AMX) Weighs Bid Partnership With Oi SA (ADR)(NYSE:OIBR)

Boston, MA 09/10/2014 (wallstreetpr) – According to reports, the involvement of America Movil SAB de CV (ADR)(NYSE:AMX) in Telecom Italia SpA deal can prove to be beneficial for Oi SA (ADR)(NYSE:OIBR). Recently OIBR won a powerful argument over its potential run of Telecom Italia SpA’s unit that is located in Brazil. Management of OIBR says that […]

AT&T Inc. (NYSE:T) To Reap $6 Billion In Latin America Deal

Boston, MA 07/03/2014 (wallstreetpr) – AT&T Inc. (NYSE:T), keen to get its deal with DIRECTV (NASDAQ:DTV) through regulatory approval, unloaded interest in Latin America to clear the way for the transaction. The company announced $49 billion buyout offer for Direct TV. In order to avoid any conflict of interest that may derail the deal with […]

America Movil SAB de CV (ADR) (NYSE:AMX) Gets The Regulatory Approval

Boston, MA 06/19/2014 (wallstreetpr) – Austria’s telecoms regulator (RTR) approved the deal to pool over the shareholding pattern between Carlos Slim’s America Movil and the Austrian government (OIAG) in Telekom Austria. In April 2014, America Movil SAB de CV (ADR) (NYSE:AMX) announced the public tender offer for all outstanding shares of Telekom Austria. Both Slim […]

America Movil SAB de CV (ADR) (NYSE:AMX) Cut Ties With AT&T Inc (NYSE:T)

Boston, MA 05/28/2014 (wallstreetpr) – America Movil SAB de CV (ADR) (NYSE:AMX) and AT&T Inc (NYSE:T) are ending their business ties that date back to 90s. The move by AT&T to exit stake in AMX has been necessitated by the need to iron out regulatory issues. AT&T Inc recently announced a bid for the satellite TV […]

America Movil SAB De CV (ADR)(NYSE:AMX) Posts Unwanted Earnings

Boston, MA 10/30/2013 (wallstreetpr) – The Mexico-based telecoms company America Movil SAB De CV (ADR)(NYSE:AMX) reported its Q3.13 on October 28, posting disappointing results.  The company’s per share earnings came in at $0.35, missing analysts’ prediction of $0.49 and deteriorating 41.7% from $0.61 per share a year ago. The company however realized marginal growth in its […]

Carlos Slim ups stake to 34.3% in America Movil SAB de CV (ADR) (NYSE:AMX)

In a recent announcement made by Carlos Slim, the person by whom the America’s biggest phone company America Movil SAB de CV (ADR) (NYSE:AMX) is being controlled, he disclosed that he has managed to raise the stakes to 34.3%. The Inmobiliaria Carso belonging to Carlos Slim bought shares which are worth $248 million. He also […]

The Drama Of America Movil SAB de CV (ADR) (NYSE:AMX) And KPN Deal

Boston, MA 10/23/2013 (wallstreetpr) – America Movil SAB de CV (ADR) (NYSE:AMX) was on route to ink a deal with KPN to buy out their Deutschland unit. However due to a disagreement between the companies on the price after a week of intense negotiations, AMX called off the deal. The aftermath of this was a further […]

America Movil SAB de CV (ADR) (NYSE:AMX) – Rangebound Within $18-$23

Boston, MA 10/17/2013 (wallstreetpr) – America Movil SAB de CV (ADR) (NYSE:AMX) (Closed: $21.75, Up: 4.22%) remained absolutely flat till the midsession on Wednesday, when the news about the company withdrawing its bid for Koninklijke KPN N.V. (ADR) (OTCMKTS:KKPNY) came. The stock promptly jumped but faced selling pressure at the higher levels to close a bit […]

Carlos slim loses $4 billion of his networth – AMX, AMOV, SF

Boston, MA 02/14/2013 (wallstreetpr) –The wealthiest man on the globe, Carlos Slim lost $3.8 billion of his net worth when the shares of Mexico based wireless communications company, America Movil SAB de CV plummeted by over 11%, in last two days. Due to the slow rate of economic growth in Mexico constrained revenues the company […]