Cyntia's Feed
Jun 11, 2012

Mexico’s America Movil boosts stake in KPN

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.

Jun 7, 2012

Watchdog approves plan for TV auctions in Mexico

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
country.”

Jun 6, 2012

Mexico regulators reach decision on Televisa-Iusacell deal

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).

Jun 6, 2012

Mexican presidency front-runner used to promote adultery

MEXICO CITY, June 6 (Reuters) – Mexican presidential
front-runner Enrique Pena Nieto has become the unwitting poster
boy for a website promoting adultery after he admitted cheating
on his first wife.

A new Mexican billboard by ashleymadison.com, a site that
helps married people arrange affairs, shows Pena Nieto with an
index finger over his lips in a hushing gesture.

Jun 6, 2012

Mexico regulators vote on Televisa-Iusacell deal

MEXICO CITY, June 6 (Reuters) – Mexican competition
regulators are due on Wednesday to give a final verdict on
broadcaster Televisa’s planned purchase of half of cell phone
company Iusacell, a $1.6 billion deal aimed at challenging the
telecoms domination of Carlos Slim.

The board of the Federal Competition Commission (Cofeco)
blocked the tie-up in January in a 3-to-2 vote, voicing concerns
Televisa could combine its strength with that of Iusacell’s
sister company and Mexico’s No. 2 broadcaster, TV Azteca.

Jun 6, 2012

America Movil sees pay TV base up a fifth in 2012

MEXICO CITY (Reuters) – Mexico’s Carlos Slim hopes to raise the number of pay television subscribers in Latin America by a fifth this year, a top executive at the tycoon’s giant mobile service America Movil said on Tuesday.

Slim has recently launched a drive to capture new markets in Europe, but America Movil still sees plenty of room for growth in Latin America, Oscar Von Hauske, the company’s head of fixed operations, told Reuters in an interview.

Jun 5, 2012

Mexico’s Slim buys stake in Telekom Austria

MEXICO CITY/VIENNA (Reuters) – Mexico’s Carlos Slim has purchased a 4.1 percent stake in Telekom Austria, in a new move into the European market by his mobile giant America Movil, which is already seeking a bigger share of Dutch telecom KPN.

Oscar Von Hauske, head of fixed operations at America Movil (AMXL.MX: Quote, Profile, Research, Stock Buzz), on Tuesday confirmed a report in the Austrian media that the company had built up the 4.1 percent stake.

May 29, 2012

Mexico’s Slim sticks to offer in raid on KPN

MEXICO CITY/PARIS, May 29 (Reuters) – Mexican tycoon Carlos
Slim stuck to his bid of 8 euros per share for a bigger stake in
Dutch telecom firm KPN on Tuesday, his first move for a
stronghold in Europe.

Slim’s cell phone giant America Movil, which has
little left to buy in Latin America, said it could pay around
$3.25 billion for the 325 million KPN shares it wants to buy
from current stockholders.

May 10, 2012

Mexico’s Slim seeks bigger slice of U.S. phone market

MEXICO CITY (Reuters) – America Movil, the telecoms giant owned by Mexican billionaire Carlos Slim, aims to boost its presence in the U.S. phone market by purchasing California-based firm Simple Mobile, the second acquisition plan the company has unveiled this week.

Fresh from bidding for a bigger stake in Dutch telecoms firm KPN NV (KPN.AS: Quote, Profile, Research, Stock Buzz), at a cost of around $3.5 billion, America Movil’s (AMXL.MX: Quote, Profile, Research, Stock Buzz) U.S. unit Tracfone Wireless has set its eyes on Simple Mobile, a mobile virtual network operator (MVNO).

Apr 29, 2012

Mexico regulators to vote on $1 billion fine vs tycoon Slim

MEXICO CITY (Reuters) – Regulators are due to vote on Monday on one of Mexico’s biggest antitrust cases, a $1 billion fine for tycoon Carlos Slim, which has been bogged down in court appeals and disputes for a year.

Federal competition commission Cofeco slapped Telcel, the cash cow of Slim’s giant telecoms company America Movil, with the record sanction in April 2011 after ruling the company charged excessive prices to wireless and wireline competitors to connect to its network.