America Movil SA de CV(AMX)- NYSE
  • Sun, Jul. 31, 11:22 PM
    • America Movil SA de CV (NYSE:AMX): Q2 Net income of Ps7.7B.
    • Revenue of Ps233.4B (+6.1% Y/Y).
    • Press Release
    | Sun, Jul. 31, 11:22 PM
  • Fri, Jul. 29, 9:22 AM
    | Fri, Jul. 29, 9:22 AM
  • Thu, Jul. 28, 1:41 PM
    • America Movil (AMX -3.7%) is going to trim its stake in Telekom Austria to just over 50%, as part of an agreement it made to increase the Austrian firm's free float by the end of 2016.
    • Carlos Slim's telecom giant holds about 59.7% of Telekom Austria, which it took over via a July 2014 offer. It will cut its stake by some 7.8 percentage points.
    • Elsewhere (and surely not just coincidentally), Citigroup said it was issuing bonds exchangeable into 7.8% of Telekom Austria's shares. The €374.2M issue has an exchange price of €7.213/share; Telekom Austria's shares closed down 3.8% to €5.11 in Vienna.
    • In terms from the acquisition, America Movil had pledged to increase Telekom Austria's free float to 20%; it's currently around 12%. Austria's state holding company owns about 28.4% of its incumbent telecom.
    | Thu, Jul. 28, 1:41 PM | 2 Comments
  • Fri, Jul. 15, 10:36 AM
    • AT&T (T +0.4%) is setting its own bar high for investing in Mexico, targeting becoming the country's leading operator within 10 years -- a tall order involving unseating incumbent America Movil (NYSE:AMX).
    • The company wants to cover 75M people in Mexico by the end of this year, and 100M by the end of 2018. That's toward AT&T's larger goal of a North American area covering 400M. It's investing $3B into Mexico to hit those goals.
    • According to the Federal Telecommunications Institute, America Movil has a 68% share of the mobile market; Telefonica (NYSE:TEF) has 23.2% and AT&T just 8.1% for now.
    | Fri, Jul. 15, 10:36 AM | 10 Comments
  • Tue, Jul. 5, 5:53 PM
    • TracFone (a unit of AMX) is pursuing an interim leader following the death of its founder and CEO, F.J. Pollak.
    • Pollak founded the prepaid wireless company in 1996 as Topp Telecom, and eventually grew it into the country's largest mobile virtual network operator, and one of the country's top providers overall.
    • Carlos Slim's Telefonos de Mexico (precursor to America Movil) bought a controlling interest in Topp in 1999, for $57.5M. Tracfone serves nearly 26M customers through seven brands operating all major mobile carriers.
    | Tue, Jul. 5, 5:53 PM
  • Thu, Apr. 28, 9:16 AM
    | Thu, Apr. 28, 9:16 AM
  • Thu, Apr. 28, 12:51 AM
    • America Movil SA de CV (NYSE:AMX): Q1 EPS of MxP0.07.
    • Revenue of Mxp222.98B (+1.4% Y/Y)
    • Press Release
    | Thu, Apr. 28, 12:51 AM
  • Wed, Apr. 27, 8:31 PM
    • America Movil (NYSE:AMX) missed expectations again with Q1 profits despite sales that increased 1.4%.
    • EBITDA slipped 9.6% (down 8.8% in constant currency), and profit margins in Mexico dropped yet again, to 35.7% from a year-ago 41.7% (and Q4's 36.7%).
    • EBITDA in Colombia fell particularly hard, down 13% amid new regulations that included the unbundling of services.
    • Access lines fell 0.8% Y/Y (steeper than Q4) to 365M, again due to mobile disconnections: 284M wireless (down 2M from Q4), 34M landlines, 26M broadband accesses and 22M pay TV.
    • Capex was 26B pesos, and shareholder distributions were 2.8B (chiefly due to share repurchases).
    • Conference call to come tomorrow.
    • Company release
    | Wed, Apr. 27, 8:31 PM
  • Thu, Apr. 21, 10:57 AM
    • Vivendi (OTCPK:VIVHY -2%) is actively pushing Telecom Italia (TI -0.1%) toward a sale of its Brazilian unit, TIM Participaçoes (TSU +1.8%), sources tell CTFN.
    • The French media giant's stance on TIM was a clear catalyst for the March departure of Marco Patuano as TI's chief executive, as Patuano was inclined to hold on to the business.
    • A series of machinations over the past year took place around the possible merger of TIM with debt-laden carrier Oi (OIBR -3.5%) before the prospects of a deal imploded.
    • An M&A lawyer said that when Vivendi inherited its Telecom Italia stake in 2014 (via its sale of broadband company GVT to Telefonica), it was already expressing an interest in getting out of Brazil and taking charge of TI as a media platform.
    • Rivals Telefonica Brasil (VIV -0.2%) and Claro (AMX +1.5%) aren't likely candidates to take over TIM due to regulatory issues. Oi is surely a candidate again, but more desperate for a move than TIM. Brazil might go for a bid from someone like Vodafone (VOD -0.8%), though.
    • Now read Oi's Debt Restructuring: A 4-Player Chess Game »
    | Thu, Apr. 21, 10:57 AM | 4 Comments
  • Wed, Mar. 30, 6:35 PM
    • JPMorgan has downgraded Grupo Televisa (NYSE:TV) amid rising costs, but notes it still faces a better regulatory environment than rival America Movil (NYSE:AMX).
    • The firm lowered its rating on TV to Neutral from Overweight, and trimmed its price target from $31 to $30, just 6.8% above today's close of $28.09.
    • Despite improvements in ad revenues, the company's content EBITDA is expected to drop 6%, JPMorgan says, with incremental costs from streaming service Blim. Analyst Andre Baggio expects a drag of five percentage points to segment margins from content spending.
    • But ad revenues should stabilize after dropping 10% last year, and: "We expect cable to continue to gain share from AMX in broadband, due to superior offers at competitive prices. Also, DTH and cable should benefit from the analog switch-off, which is boosting demand."
    | Wed, Mar. 30, 6:35 PM
  • Mon, Feb. 22, 9:55 AM
    • At Mobile World Congress, Paypal (PYPL +0.9%) announced it's teaming up on mobile wallets with Vodafone (VOD +0.1%) and America Movil (AMX +2.3%) in Europe and Latin America respectively, opening a line to millions of new customers.
    • Vodafone has 454M users and America Movil 286M. Vodafone's deal will integrate PayPal into Vodafone Wallet, allowing for PayPal's European customers to do touchless payments at Visa terminals; America Movil's arrangement allows for creating digital wallets for 140M Tel Cel and Claro customers in Mexico and Brazil.
    • PayPal says its Xoom service is expanding into Africa, allowing U.S. customers to send money to people in Kenya using a connection to Vodafone's M-Pesa. PayPal closed on an $890M deal for Xoom in November.
    • Previously: PayPal closes Xoom deal (Nov. 12 2015)
    | Mon, Feb. 22, 9:55 AM | 4 Comments
  • Tue, Feb. 9, 7:19 PM
    • America Movil (AMX -3.4%) posted a net profit that jumped fivefold Y/Y, thanks to exchange rates, but EBITDA fell 5.1% (down 2.9% in constant currency) and missed expectations in its Q4.
    • Profit margins dropped to its lowest ever, and margin in its biggest market (Mexico) dropped to 36.7%, the first time below 40%, Itau BBA says.
    • Access lines were down 0.3% Y/Y to 367M, due to mobile disconnections: 286M wireless, 35M landlines, 24M broadband accesses and 22M pay TV. The firm added 1.5M postpaid wireless subs (base increased 5.9% Y/Y).
    • Capex was 164B pesos for the full year, while shareholder distributions came to 71B pesos (including dividends, buybacks and an extraordinary dividend in September).
    • Shares are flat in after-hours U.S. trading.
    • Conference call to come tomorrow at 10 a.m. ET.
    • Company release
    | Tue, Feb. 9, 7:19 PM
  • Fri, Feb. 5, 4:26 PM
    • Mexico is giving clearance to AT&T (T +1%) and Carlos Slim's America Movil (AMX -2.4%) to take part in a wireless spectrum auction there.
    • The sale process will begin Feb. 15. IFT, the country's telecom regulator, says the two companies can put in bids for 80 MHz of spectrum in a pair of bands: 1710-1780 MHz, and 2110-2180 MHz.
    • The two companies are also competing with Telefonica (TEF +1.1%) in Mexico's tender for a large wholesale mobile network.
    | Fri, Feb. 5, 4:26 PM
  • Fri, Jan. 29, 2:10 AM
    • Only a couple of years late, Mexico today begins a tender for a large wholesale mobile network originally planned as part of the reforms targeting the dominance of Carlos Slim's America Movil (NYSE:AMX).
    • The winner will have to create a network costing several billion dollars and covering at least 85% of the population -- about 45% of Mexicans have mobile broadband, and only 22% of mobile data goes through 4G LTE networks -- but would get cheap use of high-quality 700 MHz spectrum and a 20-year public-private partnership to build a 4G LTE network that others would rent.
    • The government has decided, however, that the winner won't be able to sublet spectrum -- a freedom that America Movil, Telefonica (NYSE:TEF) and AT&T (NYSE:T) would prefer to have.
    • Mexico will help out with costs by making sites on its buildings available for rent, but to make the venture profitable, skeptical mobile operators will need to agree to become clients on the new network.
    | Fri, Jan. 29, 2:10 AM | 3 Comments
  • Tue, Jan. 26, 11:53 AM
    • America Movil (NYSE:AMX) is up 3.9% following a Morgan Stanley upgrade, to Overweight.
    • It's the second upgrade from Morgan Stanley on the stock in a month and a half. The firm is maintaining a $16 price target; with shares up today to $13.09, that implies a 22% upside.
    • The move is one of a series of raises over the past couple of months, since Macquarie downgraded to Neutral on Nov. 17. Credit Suisse launched coverage with a $19 price target in early December, just before Morgan Stanley had upgraded its own take to Equal Weight from Underweight.
    • JPMorgan Chase followed last month with an upgrade to Neutral. ADRs are now 10% above their 52-week low.
    | Tue, Jan. 26, 11:53 AM | 2 Comments
  • Dec. 21, 2015, 11:52 AM
    • Telesites, the towers-company spinoff from America Movil (AMX -0.5%), is fully separated and is up 1.5% in its market debut today in Mexico.
    • America Movil said it would spin the firm out as one of a number of developments pressed by Mexico's telecom regulatory reform.
    • With its spinoff complete, Telesites was added to part of the country's IPC benchmark index.
    | Dec. 21, 2015, 11:52 AM | 22 Comments
Company Description
America Movil SAB de CV engages in the provision of telecommunications services. It offers wireless voice, wireless data and value added services, fixed voice, fixed broadband, fixed data, pay television, information technology services and over the top services. It operates through the... More
Sector: Technology
Industry: Wireless Communications
Country: México