América Móvil is anxious to shed some of its wireline and wireless assets so it can gain regulatory freedom, but Mexico's Federal Institute of Telecommunications (IFT) told company owner Carlos Slim that the company can't present a plan until it names a buyer.
AT&T has reduced its stake in Mexico-based America Movil by 7.5 percent, raising $564 million by selling 540 million shares after the company launched a share buyback program.
Telmex, America Movil's Mexico-based wireline telco subsidiary, is facing a lawsuit from Profeco, Mexico's consumer protection agency, over claims that the country's dominant telco made illegal charges.
New legislation is reportedly set to move ahead in Mexico that would allow companies from outside the Latin American country to acquire controlling stakes in Mexican telecom firms.
Telmex, the Mexico-based wireline subsidiary of America Movil, has been fined MXN 657 million (USD 51.6 million) by the Comision Federal de Competencia (CFC) for engaging what the regulator says is anticompetitive practices.
Maxcom Telecomunicaciones, a competitive Mexican wireline service provider, on Wednesday agreed to be bought out by private equity firm Ventura Capital Privado for $59 million.
Mexico's Secretario de Comunicaciones y Transportes (SCT) on Thursday announced that Iusacell, Telmex, and Bestel won bids for 40 municipal broadband contracts.
Telmex, the Mexican wireline subsidiary of America Movil, on Thursday got conditional approval from Mexico's Ministry of Environment and Natural Resources (SEMARNAT) to begin work on the new AMX-1 submarine cable.
Carlos Slim's America Movil on Thursday confirmed its move to start the process of delisting wireline incumbent telco Telmex from the stock exchanges in Mexico and New York.
Cofetel, Mexico's telecom regulator, put forth new rules that will require Telmex to incorporate price and quality controls on wholesale services it sells to competitive service providers. The agency