Mexico's America Movil SAB, Spain's Telefonica SA and Brazil's Grupo Oi SA agreed to place a bid for and to break up TIM Participações SA (TIMP3.SA), Brazil's second-largest wireless carrier, Folha de S. Paulo reported on Friday without saying how it obtained the information.
Tags: America Movil
America Movil says still looking at Mexico asset sale alternatives
Mexico's America Movil (AMXL.MX) said on Friday that it was still reviewing alternatives to a sale of assets in Mexico in the wake of AT&T's entry into the market, adding that it did not want to sell infrastructure.
America Movil may not face tougher regulation without asset sale: regulator
Mexico's telecom regulator will not necessarily impose tougher rules against billionaire Carlos Slim's America Movil if it does not go ahead with a plan to sell off assets, the head of the regulatory agency said in an interview on Friday.
Carlos Slim bank unit pledges America Movil stock for new loans
A subsidiary of Mexican billionaire Carlos Slim's Grupo Financiero Inbursa (GFINBURO.MX) bank has entered two loan agreements for nearly $700 million, pledging America Movil stock as collateral, according to a filing published on Thursday.
AT&T to buy NII Holdings' wireless business in Mexico
AT&T Inc (T.N) said on Monday it would buy bankrupt NII Holdings Inc's (NIHDQ.PK) wireless business in Mexico for $1.875 billion in a move to create a larger Mexican wireless player that will have a better chance of competing with No. 1 America Movil (AMXL.MX).
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Billionaire Carlos Slim said on Tuesday that America Movil is trying to sell assets from Mexico's west Coast and the border with the United States, not just the east coast, as part of a previously announced divestiture.
AT&T Inc is "intrigued" by Latin America and especially Mexico and would not rule out an opportunistic deal there even as it seeks to complete its $48.5 billion planned takeover of DirecTV, an AT&T executive said at a conference on Tuesday.
Mexico's Grupo Salinas said on Wednesday its chairman will buy out its partner Grupo Televisa's (TLVACPO.MX) 50 percent stake in the country's No. 3 wireless operator Iusacell for $717 million and seek a strategic partner to build up the carrier.
The battle over Brazil's telecoms market is heating up, with the country's biggest fixed-line firm Oi signaling it may make an offer for Telecom Italia's local mobile business.
Mountain View, US-based Internet of Things (IoT) cloud Jasper landed a $50-million investment in a funding round led by Temasek to bring its IoT technology to Coca-Cola's new initiatives.
London, UK-based music identification app Shazam confirmed the previously rumored $20-million financing from undisclosed investors, which will probably fund the firm's expansion and advertising efforts.
Shazam, a London-based music and television tagging service, is rumored to be raising a $20 million funding round, a VentureBeat report said citing a Re/code report.
Mexican tycoon Carlos Slim has decided to hike America Movil's stake in Telekom Austria to 26.8% by consolidating his company and family holdings in the Austrian telecom firm.
As its acquisitions increase and earnings go down, billionaire Carlos Slim's mobile phone firm America Movil's record rate of stock repurchases could decrease, Bloomberg reported.
