AT&T is starting to rebrand its Mexican wireless operations under its own name and its top Mexican executive acknowledged that while it is starting to shake up the market it still faces a formidable rival in América Móvil, the dominant Mexican carrier.
America Movil and its Austrian subsidiary Telekom Austria pulled out of the race to acquire Serbian operator Telekom Srbija due to the high cost of buying the company and its lack of profitability.
América Móvil extended to many of its prepaid wireless customers its cross-border plan that lets Mexican subscribers use voice, SMS and data service in the United States as if they were in Mexico. The new offer comes after a series of escalating moves by T-Mobile US, AT&T Mobility and Sprint to offer cross-border services without roaming costs.
Facing increased competition in Mexico from new competitor AT&T and a potential recession in Brazil, America Movil is considering possible wireline acquisitions in Europe to grow the company's revenues.
AT&T Mobility's Cricket Wireless prepaid brand said that as of yesterday it is offering unlimited voice and SMS messaging to and from Mexico. Later this month it will also add those features for Canada.
America Movil could enter the race to buy a stake in Telekom Srbija independently of Telekom Austria, even though its Austrian unit is reported to have already submitted a non-binding offer for the state-owned Serbian operator.
The second-quarter 2015 earnings reporting season has begun, and FierceTelecom is tracking how key players in the wireline telecom industry performed. Check here throughout the reporting season for updates on providers, vendors and integrators in this segment.
América Móvil's U.S. MVNO, TracFone Wireless, plans to challenge T-Mobile US and AT&T with its own Mexican roaming offer, though details on the forthcoming action are cloudy. América Móvil's CEO announced TracFone's plans during his company's quarterly conference call with investors.
Altice, the cable and mobile telecoms group controlled by billionaire Patrick Drahi, told a Dutch newspaper over the weekend that it has "no interest" in buying the 21 per cent stake held in KPN by America Movil.
América Móvil's U.S. MVNO, TracFone Wireless, added just 25,000 net subscribers in the second quarter, only a slight improvement over the anemic growth the company experienced in the year-ago period. In the second quarter of 2014, the company had added just 8,000 customers.