Tag Archives: amx

AT&T Latin American Ambitions May Be Slowed By Brazil

AT&T’s (T) Latin American ambitions could take a hit if Brazil’s wireless market consolidates before the U.S. telecom giant has a chance to make a bid for TIM Participacoes or Oi. TIM (TSU), controlled by Telecom Italia (TIA), is the country’s No. 2 wireless service provider. Brazil’s other three wireless phone companies — Telefonica (TEF), America Movil (AMX)-controlled Claro, and Oi — plans to make an offer for TIM in order to carve it up among

Will AT&T Mexico Foray Spur America Movil In U.S.?

AT&T’s $1.7 billion deal to buy Mexico’s No. 3 wireless firm, Iusacell, confirms its ambitions to expand into Latin America. Whether Mexico-based America Movil (AMX), that country’s No. 1 wireless firm, fires back by bidding for T-Mobile US (TMUS) is the next question. It’s possible, analysts say. A U.S. auction of radio spectrum slated to start on Thursday could provide a partial answer. America Movil already owns TracFone, one of the largest

America Movil Downgraded On Mexican Regulatory Issues

America Movil (AMX), preparing to sell assets in its home market of Mexico to reduce its regulatory burden, fell on Monday as investment bank Morgan Stanley downgraded the stock to underweight. America Movil stock fell 2.5% in the stock market today, closing at 23.22, its third day in a row of declines after hitting a 17-month high. America Movil stock has rallied 15% since mid-July, gains that started after the company announced the sell-off of