TracFone is looking for an interim leader after founder and CEO F.J. Pollak passed away in April.
America Movíl's U.S. MVNO, TracFone Wireless, appears to be in the process of launching a handset leasing program for its Straight Talk brand. Straight Talk Plus, which will allow eligible customers to pay for their smartphones in monthly installments, is rolling out in Walmart stores across the country, according to a new report from research firm Wave7.
Shares of America Movíl plunged nearly 12 percent last week after the carrier posted a disappointing quarter including a 17 percent year-over-year decline in EBITDA. The company lost 458,000 U.S. customers during the quarter, primarily under its TracFone and SafeLink brands, and its U.S. revenue of $1.8 billion was down 3.3 percent from the prior year.
AT&T paid $57 million for spectrum in Mexico's auction of airwaves this week, but the carrier was far outspent by the country's dominant wireless carrier, America Movil.
AT&T is making a big bet on its global enterprise operations with plans to invest nearly $10 billion in its networks to boost the reach of wireless, cloud storage and security services.
TracFone Wireless, the largest MVNO in the U.S., lost 58,000 net customers as its users fled its voice-only plans, leaving the company with 25.7 million total customers at the end of 2015. And parent company América Móvil posted a profit of $835 million in the latest quarter as regulatory sanctions in its home market of Mexico began to take a toll on its bottom line.
Telekom Austria returned to the black in 2015 with a net profit of almost €400 million ($450 million), hailing what CEO Alejandro Plater described as the "best set of full-year results of the past five years."
AT&T continued to pursue the Mexican market with a spectrum-leasing deal and swaps of frequency blocks with Telefonica SA.
Telekom Austria CEO Alejandro Plater said the operator's European expansion plans would not be aided by América Móvil becoming its sole shareholder.
KPN revealed that Oscar von Hauske Solís, COO and board member of América Móvil, is to leave its supervisory board as part of the Mexican company's plan to sell its stake in the Netherlands-based operator.