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Stock Market & Financial Investment News

News Breaks
February 13, 2013
14:24 EDTAMXInbursa buys 40M America Movil shares, Reuters reports
Bank Grupo Inbursa, a Carlos Slim-backed financial group, bought 40M shares of America Movil (AMX) on Wednesday following the company's disappointing Q4 results, according to a Reuters report that cites a person close to the operation. Reference Link
News For AMX From The Last 14 Days
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October 31, 2014
08:32 EDTAMXAmerica Movil units, Oi near deal to buy Tim Participacoes, Folha reports
America Movil (AMX, AMOV) units Claro and Vivo and Oi S.A. (OIBR) have agreed to buy Tim Participacoes (TSU), the Brazilian subsidiary of Telecom Italia (TI), said Folha de Sao Paulo, which added that while the value of the deal is not finalized it may reach $13B. Under the agreement, Claro should own 40% of TIM, and the other 60% will be split between Vivo and Oi, Folha said. The report also said key shareholders, such as Vivendi (VIVHY), are likely to accept. Reference Link
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

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