Key Developments: America Movil SAB de CV (AMX)
20.09USD
18 Jun 2013
$0.02 (+0.10%)
$20.07
$20.05
$20.17
$19.87
3,723,029
7,892,129
$27.60
$18.26
Latest Key Developments (Source: Significant Developments)
Fitch Ratings Affirms IDR On America Movil SAB de CV
America Movil SAB de CV announced that it has affirmed its Issuer Default Rating (IDR) on the Company in the local and foreign currency and on the global scale at A and on the national scale at AAA (mex). The outlook is stable. Full Article
AT&T Inc Sells 7% Of Shares In Mexico's America Movil SAB de CV-Reuters
Reuters reported that AT&T Inc has sold 7% of its holding in Latin American telecommunications company America Movil SAB de CV or 540 million shares. AT&T said the sales reduced its ownership stake in the Mexican company, which is controlled by billionaire Carlos Slim, to its historical level of 9%. Full Article
America Movil SAB de CV’s Subsidiary, Tracfone Wireless Inc, Enters Into Agreement To Acquire Assets Of Start Wireless Group, Inc
America Movil SAB de CV announced that its subsidiary in the United States, Tracfone Wireless Inc, has entered into agreement to acquire the assets of Start Wireless Group Inc, a mobile virtual network operator (MVNO) in the United States. The closing of the transaction is subject to fulfilling certain conditions and obtaining certain regulatory approvals and it is expected during the second quarter of fiscal year 2013. Full Article
America Movil SAB de CV Announces Acquisition Of 100% Stake In Corporacion de Medios Integrales SA de CV From Corporacion Interamericana de Entretenimiento SAB de CV
America Movil SAB de CV announced that on April 30, 2013 it acquired a 100% stake in Corporacion de Medios Integrales SA de CV (CMI) from Corporacion Interamericana de Entretenimiento SAB de CV (CIE). CMI holds the division of media and publicity rights, which forms a part of the commercial segment of CIE. Full Article
Mexican Antitrust Agency Confirms America Movil SAB de CV's Dominance in Mobile-DJ
Dow Jones reported that Mexico's antitrust commission said on April 4, 2013 it confirmed an earlier ruling that America Movil SAB de CV’s unit Telcel is dominant in the Mexican mobile-telephony market, a ruling that could open the door for the telecommunications regulator to apply specific rules to the company given its market power. America Movil SAB de CV had appealed against the dominance ruling by the Federal Competition Commission (CFC). The CFC said commissioners voted unanimously on February 28, 2013 to uphold the earlier ruling. A representative for America Movil SAB de CV said on April 4, 2013 that the Company is analyzing the latest decision by the antitrust commission. Full Article
International Olympic Committee Grants Broadcast Rights For Olympic Games In Russia And Brazil To America Movil SAB de CV
America Movil SAB de CV announced that the International Olympic Committee (IOC), granted to the Company the exclusive broadcast rights for the XXII Olympic Winter Games to be held in Sochi, Russia in 2014 and for the XXXI Olympic Games to be held in Rio de Janeiro, Brazil, in 2016. Consequently, the Company has acquired the broadcast rights across all media platforms throughout Latin America (Chile, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Republica Dominicana, Uruguay and Venezuela), except Brazil. Full Article
America Movil SAB de CV To Propose FY 2012 Dividend Payment
America Movil SAB de CV announced that on March 19, 2013 its Board of Directors agreed to submit to the shareholders for approval a dividend payment for fiscal year 2012 at a value of MXN 0.22 per share, effective in two installments for each series AA, A and L share. The general Ordinary Shareholders’ Meeting will be held on April 30, 2013. Full Article
America Movil SAB de CV Signs Agreement With Corporacion Interamericana de Entretenimiento SAB de CV For Acquisition Of 100% Shares In Corporacion de Medios Integrales SA de CV
America Movil SAB de CV announced that on January 21, 2013 it signed an agreement with Corporacion Interamericana de Entretenimiento SAB de CV (CIE) for acquisition of 100% shares in Corporacion de Medios Integrales SA de CV (CMI). CMI is the holding company of the division of media and publicity rights and spaces that form part of the commercial segment of CIE. The closing of the transaction is subject to obtaining certain authorization and is expected to be carried out during the second quarter of 2013. Financial details were not disclosed. Full Article
America Movil SAB de CV Launches 4G LTE Mobile Service in Mexico-DJ
Dow Jones reported that America Movil SAB de CV launched its fourth-generation mobile service in Mexico, with plans to expand the service to two-thirds of the country by early year 2013. The Company, through its local mobile unit, Telcel, invests USD 3.95 billion in the three years, from 2012 to 2014, in network upgrades, including at least USD 1 billion in equipment for the 4G LTE service. 4G LTE, which increases available download speeds to as much as 20 megabits per second, is starting in nine major Mexican cities and is expected to reach 26 cities covering 65% of the population by April of 2013. The Company also announced that the service might be extended to prepaid customers, who make up the majority of Mexico's mobile phone users. Full Article
America Movil SAB de CV Announces Further Details On Acquisition Of Telefonos de Mexico SAB de CV; Telefonos de Mexico SAB de CV To Delist From the Mexican Registry and Stock Exchange
America Movil SAB de CV (AMX) announced that in order to proceed with delisting of shares of its subsidiary Telefonos de Mexico SAB de CV (TELMEX) from the National Registry and the Mexican Stock Exchange, AMX presented on October 25, 2012 the offer of acquisition of the remaining stake in TELMEX. AMX offers to acquire approximately 2.79% of capital share of TELMEX at the price of MXN 10.2250 per share. The offer will be valid until November 23, 2012. Full Article
AT&T sells 7 percent of its shares in Mexico's America Movil
- AT&T Inc has sold 7 percent of its holding in Latin American telecommunications company America Movil or 540 million shares, according to a filing with U.S. regulators on Wednesday.
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