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America Movil cuts stake in KPN to 16 percent
Posted on Thursday September 13, 2018
AMSTERDAM (Reuters) - Mexican telecommunications company America Movil has cut its stake in Dutch telecoms company KPN to slightly more than 16 percent, a filing at financial watchdog AFM showed. Movil, ...
Slim's America Movil challenges Pemex contract awarded to Televisa group
Posted on Tuesday September 11, 2018
Billionaire Carlos Slim's America Movil and Mexico's state oil firm have become embroiled in a public fight over a government contract after the telecommunications giant filed complaints and a legal challenge, saying it unfairly lost the bid. A rival group, including a unit of Mexican broadcaster Grupo Televisa (TLVACPO.MX), won a contract in June for nearly $36 million to provide internet security services to the oil company known as Pemex (PEMX.UL). America Movil (AMXL.MX) had presented a cheaper offer of roughly $24.5 million, a company spokesman said, and went on to file complaints against Pemex.
Carlos Slim sees no threat to Mexican business from leftist's election
Posted on Tuesday July 31, 2018
Mexican tycoon Carlos Slim said on Tuesday he sees no risks to his telecoms-to-banking empire from the new left-wing government of Andres Manuel Lopez Obrador, a self-styled radical who clashed with business leaders before his election this month. Slim, whose America Movil owns Mexico's largest telecommunications network, said he had not met with Lopez Obrador, whose landslide victory put him on a path to take office on Dec. 1. "He is proposing, planning important investments before he has even started, which is unusual," Slim said, singling out expected projects in trains, roads and energy.
Edited Transcript of AMXL.MX earnings conference call or presentation 18-Jul-18 2:00pm GMT
Posted on Thursday July 19, 2018
Q2 2018 America Movil SAB de CV Earnings Call