MEXICO CITY, June 18 (Reuters) – Broadcaster Televisa said
on Monday it had accepted the conditions imposed by Mexico’s
competition watchdog to approve its bid for half of cellphone
company Iusacell, but Iusacell said it was still evaluating the
Cofeco slapped several conditions on the transaction, which
were made public last week. Iusacell said the
conditions were extremely harsh, costly and difficult to meet.
MEXICO CITY, June 15 (Reuters) – NII Holdings’
Nextel said on Friday it will make the full launch of its fast
mobile network in Mexico in the third quarter, offering
downloads of 21 Mbps as it seeks to boost market share in the
cell phone market.
Nextel has invested $6 billion since opening shop in Mexico
a decade ago, and deploying its new network will cost an extra
$1.7 billion, company vice president Gustavo Cantu told Reuters.
MEXICO CITY (Reuters) – Mexican tycoon Carlos Slim and his family plan to keep their 8.4 percent stake in Argentine energy company YPF (YPFD.BA: Quote, Profile, Research, Stock Buzz) at least for the short-term, a spokesman for the billionaire told Reuters on Friday.
Slim, the world’s richest man, and his family disclosed on Thursday they received the YPF stock in lieu of a loan guarantee. It was not a direct purchase.
BUENOS AIRES/MEXICO CITY (Reuters) – Mexican tycoon Carlos Slim and his family have taken a stake in Argentina’s recently renationalized energy company YPF (YPFD.BA: Quote, Profile, Research, Stock Buzz) in lieu of a loan guarantee, but they have no plans to increase it for now, his spokesman said.
YPF said in a filing with the U.S. Securities and Exchange Commission that the Slims now own 8.4 percent of Class D shares of the company. It was not immediately clear how big an overall stake that represented.
MEXICO CITY, June 14 (Reuters) – Mexico’s competition
watchdog said on Thursday it approved broadcaster Televisa’s
bid to buy half of cell phone company Iusacell but
imposed tough conditions on the deal, seen as crucial to helping
both companies mount a serious challenge to tycoon Carlos Slim’s
Televisa, the world’s biggest producer of Spanish-language
shows, has been fighting for 14 months to push through its $1.6
billion bid for 50 percent of Iusacell.
MEXICO CITY (Reuters) – Iusacell and Spain’s Telefonica said on Wednesday they have reached a deal to share their infrastructure in Mexico as they seek to mount a stronger challenge to Carlos Slim’s America Movil (AMXL.MX: Quote, Profile, Research, Stock Buzz) in the telecommunications market.
The agreement, similar to the one between Telefonica’s O2 and Vodafone in Britain last week , calls for sharing everything from antennas and hot spots to fiber optics as both companies get ready to offer fourth-generation services in the country.
MEXICO CITY (Reuters) – Mexican billionaire Carlos Slim upped the pressure on KPN shareholders by buying more stock of the Dutch telecommunications company at a lower price than his current tender offer for up to 27.7 percent of the firm.
Mobile phone giant America Movil (AMXL.MX: Quote, Profile, Research, Stock Buzz), the jewel of Slim’s empire, said on Monday it made four separate transactions to buy an aggregate 6 million ordinary shares of KPN (KPN.AS: Quote, Profile, Research, Stock Buzz), bringing its holding in the Dutch firm to 7.3 percent.
MEXICO CITY, June 11 (Reuters) – Mexican billionaire Carlos
Slim ramped up his bid for a bigger stake in KPN by purchasing
more shares of the Dutch telecommunications company at a lower
price than his outstanding tender offer for up to 27.7 percent
of the company.
America Movil, the jewel of Slim’s empire, said on
Monday it entered into four separate transactions to buy an
aggregate 6 million ordinary shares of KPN, bringing
its holding in the Dutch firm to 7.3 percent.
MEXICO CITY, June 6 (Reuters) – Mexico’s telecom watchdog
Cofetel on Wednesday approved a plan for the auction of two new
nation-wide broadcast television channels, a move that could
challenge the dominance of media giants Televisa and TV Azteca.
After months of discussions, Cofetel finally gave the green
light to the proposal, which it said in a release was “the first
auction of television frequencies in the history of the
MEXICO CITY (Reuters) – Mexican regulators on Wednesday reached a decision, which they will announce later, on Grupo Televisa’s plan to buy half of cellphone company Iusacell, a $1.6 billion deal aimed at challenging the telecommunications domination of billionaire Carlos Slim.
The board of the Federal Competition Commission (Cofeco) blocked the tie-up in January in a 3-to-2 vote, concerned broadcaster Televisa (TLVACPO.MX: Quote, Profile, Research, Stock Buzz) could combine with Iusacell’s sister company and Mexico’s No. 2 broadcaster, TV Azteca (AZTECACPO.MX: Quote, Profile, Research, Stock Buzz).