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.
Citing slow growth in Mexico and a "soft patch" for the U.S. economy at the start of the second quarter, America Movil saw its profits drop by 25.4 percent year over year to $895 million (14.05 billion pesos). Consolidated revenues were $13.8 billion (220 billion pesos), up 1.5 percent from the same period last year.
How did the wireless industry perform in the second quarter of 2015? In this earnings summary, we list results from the wireless industry's carriers, handset makers, equipment suppliers and others.
Mexico telecom regulator Instituto Federal de Telecomunicaciones' (Ifetel) move to give competitors equal access to Telmex's last mile network to other providers could usher in a new era of competition from local providers and even AT&T, which is making a big push into the country via its pending DirecTV deal.
Hannes Ametsreiter this week resigned from his position as CEO of the Telekom Austria group in what was described as a surprise move, marking the end of his long tenure at the América Móvil-owned operator.
AT&T is aiming to rent space on cell towers in Mexico from Telesites, the company that was spun off this spring from América Móvil, according to a Bloomberg report.
As it gets ready to face off against AT&T's eventual move into Mexico's TV market, América Móvil plans to build a new $50 billion fiber-to-the-home (FTTH) network.