Don't expect América Móvil to join Facebook's highly touted Internet.org initiative. Despite Facebook CEO Mark Zuckerberg's pleas for global telecom operators to join the group during his keynote address this week at the Mobile World Congress trade show, it doesn't appear that all operators are ready to jump onboard.
Ongoing reports and speculation that Mexican billionaire Carlos Slim could next target Telekom Austria in his bid to break into Europe, are causing some anxiety among the operator's workforce, which is now calling for clarity over the issue from its major shareholder, state holding company ÖIAG.
KPN signalled a thawing of its relationship with minority shareholder América Móvil, as the Mexican group also indicated it is still interested in the Dutch operator despite lowering its stake this week from 29.8 per cent to 27.1 per cent.
América Móvil's U.S. MVNO, TracFone Wireless, returned to a brisk pace of subscriber growth in the fourth quarter of 2013 after growth stalled in the third quarter. However, the company was unable to meet the subscriber growth it showed in the fourth quarter of 2012.
Carlos Slim's América Móvil has big plans for its stake in Telekom Austria and has not invested in the Austrian operator simply to make a fast buck, the company CEO told an Austrian newspaper.
AT&T may have put its plans to invest in a major European operator on hold for the time being, but another industry heavyweight from across the pond is reportedly stepping up efforts to buy a majority stake in a company that itself has demonstrated an aggressive expansion strategy over the years.
How did the wireless industry perform in the fourth quarter of 2013? Check here throughout the fourth-quarter earnings report season for full earnings reports from the wireless industry's...
Telefónica denied a report that it is planning to set up a joint vehicle to buy and then break up Tim Brasil together with local rivals América Móvil and Oi.
AT&T has divested 250 million shares of its stake in Mexican telecom conglomerate America Movil for $282 million, reports Reuters, citing a U.S. Securities and Exchange Commission filing.
KPN said it expects Carlos Slim to retain his stake in the Dutch group despite the recent failed attempt by the Mexican billionaire to gain control of KPN via América Móvil.