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Stock Market & Financial Investment News

News Breaks
March 8, 2014
19:07 EDTAMX, TVMexico regulators look to boost competition in broadcast, telephone, WSJ says
Mexico's Federal Telecommunications Institute, or IFT ruled that Grupo Televisa (TV) the country's leading broadcaster, is "dominant" in the broadcast market, says the Wall Street Journal. America Movil (AMX) confirmed that Carlos Slim's telephone companies were also declared "dominant" by the regulator. The decisions allow the regulator to impose regulations to "level the playing field," the Wall Street Journal continued. Reference Link
News For TV;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
07:53 EDTTVUBS to hold a conference
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