Cyntia's Feed
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.

Apr 26, 2012

Mexico’s Cemex posts smaller than expected loss

MEXICO CITY, April 26 (Reuters) – Mexico’s Cemex, one of the
world’s biggest cement makers, posted a much
smaller-than-expected first-quarter net loss on Thursday as U.S.
sales rose at a double-digit rate.

The company, however, remained mum about a widely expected
renegotiation of some $7.5 billion of debt that matures in 2014.

Apr 20, 2012

Televisa’s SKY unit starting broadband service

MEXICO CITY, April 20 (Reuters) – SKY, the direct-to-home
satellite television unit of Mexican broadcaster Televisa, is
preparing to launch a new broadband service that will be
initially available in some areas of Mexico City.

“Blue To Go” starts with a basic speed of 3 Megabytes for
149 pesos ($11), that customers can only get if they also buy
the direct-to-home starter satellite service of 309 pesos ($23)
for 173 channels, a SKY sales representative told Reuters on
Friday.

Apr 16, 2012

Analysis: Debt renegotiation looms for struggling Cemex

MEXICO CITY (Reuters) – Mexican cement maker Cemex is likely to try and renegotiate a hefty portion of its debt in coming months to avoid a potential clash with creditors in 2014.

Monterrey-based Cemex (CMXCPO.MX: Quote, Profile, Research, Stock Buzz), which was swamped by the 2008 U.S. housing meltdown shortly after paying out some $16 billion to buy Australia’s Rinker, has been working its way out of its deep debt troubles for the past three years.