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Stock Market & Financial Investment News

News Breaks
June 25, 2014
18:25 EDTAMOVAmerica Movil forms committee to evaluate options in Mexico, Bloomberg says
Mobile-phone company America Movil has created a committee to study strategic options in the wake of regulatory changes in Mexico, according to Bloomberg. Reference Link
News For AMOV From The Last 14 Days
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October 22, 2014
06:36 EDTAMOVIFT says America Movil has yet to file asset divesture strategy, Reuters says
The Federal Telecommunications Institute, Mexico's telecommunications regulator, said that it still has not been given a detailed strategy from America Movil that would describe how the company plans to divest assets to cut its market share, according to Reuters, citing comments from the head of IFT Gabriel Contreras. Reference Link
October 21, 2014
06:46 EDTAMOVAmerica Movil now owns nearly 60% of Telekom Austria, Reuters says
America Movil (AMX, AMOV) purchased an extra 8.68% stake in Telekom Austria (TKAGY), which now brings Carlos Slim's share in the company to approximately 60%, according to Reuters, citing a statement from Mexico's stock exchange. Reference Link
October 16, 2014
10:45 EDTAMOVAmerica Movil Brazil sales increase 'considerably,' Bloomberg says
Since combining its cable, mobile-phone and landline businesses, America Movil Brazil sales are growing "considerably" said the head of the division Carlos Zenteno, Bloomberg reports. An increase in its Brazil business will help the company compensate for narrowing profit margins in Mexico, added Bloomberg. Reference Link

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