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Stock Market & Financial Investment News

News Breaks
August 30, 2013
12:51 EDTAMX, KKPNYAmerica Movil has no intention of raising offer price for KPN, Reuters says
America Movil spokesman says the company is not willing ot agree to any curbs on its managerial involvement in the operation of KPN. It also has no plans to use the European courts to press case for KPN acquisition, and it will to analyze whether to maintain its stake in KPN if a takeover offer does not succeed.
News For AMX;KKPNY From The Last 14 Days
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October 22, 2014
06:36 EDTAMXIFT 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 EDTAMXAmerica 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 EDTAMXAmerica 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
October 13, 2014
06:44 EDTAMXAmerica Movil downgraded Sell from Neutral at Citigroup (last week)
Citigroup downgraded America Movil last Thursday to Sell citing the 20% share gain since August and tougher regulations in Mexico. Citi lowered its price target for the stock to $22.30 from $23.70.

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