America Movil SAB de CV

Mexican telecoms company America Movil expects to spend $8 billion in capital expenditures in 2021, company executives said on Wednesday.

Mexican telecommunications firm America Movil on Tuesday reported a surprise net profit of $1.87 billion in the fourth quarter, driven up nearly 80% by a favorable exchange rate.

The attorneys general of 16 U.S. states and the District of Columbia on Friday urged the Federal Communications Commission (FCC) to thoroughly investigate Verizon Communications Inc's proposed $6.25 billion acquisition of pre-paid mobile phones provider Tracfone and impose...

America Movil, the Mexican telecoms company controlled by the family of billionaire tycoon Carlos Slim, said on Monday it would present a proposal to shareholders to raise the amount of money in its share buyback fund.

Mexico's telecoms regulator on Tuesday launched a fresh bid to curb the market power of billionaire Carlos Slim's telecoms giant America Movil, unveiling measures that limit fees the company can charge customers.

Mexico's America Movil said on Tuesday that the Telecommunications Institute (IFT), a regulatory body, had adjusted actions aimed at limiting the company's power in the market, suppressing some measures but also adding new ones.

America Movil chief executive officer, Daniel Hajj, said on Wednesday that the telecoms giant will reduce capital expenditure to $6 billion in 2020, down from the $8.5 billion foreseen at the start of the year.

Mexican telecommunications giant America Movil <AMXL.MX> on Tuesday said its net profit jumped nearly 45% in the third quarter, boosted by relaxed coronavirus lockdown measures across its key markets.

Verizon Communications Inc said on Monday it would buy wireless services provider Tracfone, a unit of Mexican telecom America Movil, in a $6.25 billion cash and stock deal. (Reporting by Ayanti Bera in Bengaluru; Editing by Vinay Dwivedi)

El Salvador's antitrust authority said on Tuesday it will allow an expanded market share for telecommunications firm Claro, a unit of Mexico's America Movil <AMXL.MX>, on guarantees that it will abide by competition and consumer protection safeguards.

Telecoms Tim Participacoes <TIMP3.SA>, Telefonica Brasil <VIVT4.SA> and America Movil's Claro <AMXL.MX> on Monday night raised their bid to buy Oi SA's <OIBR4.SA> mobile assets out of bankruptcy for 16.5 billion reais ($3.21 billion).

Mexican telecoms giant America Movil regards Huawei Technologies Co Ltd as an excellent telecoms equipment provider, but it can use other vendors if necessary, the chief of the company controlled by tycoon Carlos Slim said on Wednesday.

Shares in America Movil, the Mexican telecommunications company controlled by tycoon Carlos Slim, rose by more than 4% after the market opened on Wednesday, the first day of trading since it published a 40% jump in profits.

Mexican telecommunications giant America Movil posted a 40% jump in net profit on Tuesday because of lower costs, although it said the coronavirus pandemic took a toll on some aspects of its business.

America Movil's net profit rose to 20.1 billion pesos ($873.8 million) in the second quarter from 14.9 billion pesos in the same period last year, the Mexican telecoms company reported on Tuesday.

America Movil, the Mexican telecommunications giant, reported a first-quarter net loss of 29.38 billion pesos ($1.24 billion) on Tuesday, battered by the weakening of the Mexican peso and other Latin American currencies against the dollar.

America Movil, the Mexican telecommunications giant, on Tuesday reported a first-quarter net loss of 29.38 billion pesos ($1.24 billion).

Mexican telecommunications provider America Movil said on Tuesday its board has proposed a buyback program of 6 billion pesos ($242.13 million) for the April 2020 to April 2021 period. ($1 = 24.7800 Mexican pesos) (Reporting by Daina Beth Solomon; Editing by Stefanie Eschenbacher...

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.