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Stock Market & Financial Investment News

News Breaks
December 5, 2012
09:55 EDTAMX, AMX, AMXAmerica Movil to host conference call
Conference call to discuss the OECD Review of telecommunication policy and regulation in Mexico will be held on December 6 at 10 am. Webcast Link
News For AMX From The Last 14 Days
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October 30, 2014
12:49 EDTAMXAmerica Movil wireless assets eyed by Japanís SoftBank, WSJ says
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12:37 EDTAMXAmerica Movil wireless assets being considered by Softbank, DJ says
October 27, 2014
07:07 EDTAMXAmerica Movil risk/reward attractive, says Macquarie
Macquarie said America Movil's risk/reward has improved with the pullback and reiterates its Outperform rating and $26.50 price target.
06:26 EDTAMXAmerica Movil expects to complete mobile towers spinoff in 2Q15, WSJ reports
America Movil expects that the spinoff of its mobile towers in Mexico will be completed by the beginning of 2Q15, the Wall Street Journal reports, citing comments made by CEO Daniel Hajj. Reference Link
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

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