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Stock Market & Financial Investment News

News Breaks
April 26, 2014
19:39 EDTAMXAmerica Movil unit fined for contacting customer's contacts, Bloomberg says
America Movil's Telcel mobile-phone unit was fined by Mexico's transparency agency, known as IFAI, for contacting a customerís contacts without her permission and asking them for her outstanding phone bill debt to be paid, says Bloomberg. Reference Link
News For AMX From The Last 14 Days
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December 10, 2014
15:19 EDTAMXTelefonica, Oi, Claro to offer $15B for Tim Participacoes, Bloomberg says
Telefonica (TEF), Oi SA (OIBR), and America Movil (AMX, AMOV) owned Claro plan to team up on a takeover bid for Tim Participacoes (TSU) that would value it at about $15B, said Bloomberg, citing people with knowledge of the matter. Telecom Italia (TI), which owns 67% of Brazilís Tim Participacoes, believes Tim should be valued at about $25B or more, including debt, according to a person familiar with the matter, the report noted. Shares of Tim trading in New York are up about 6.6% to $23.69 in afternoon trading after rising as high as $26.54 immediately following the headlines from Bloomberg's report. Reference Link

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