America Movil

America Movil confident of acquiring Mexican licence

Carlos Slim’s America Movil is confident of acquiring a broadcast licence for Mexico. While the company offers TV across Latin America, America Movil has been barred providing pay TV in Slim’s native Mexico since state telco Telmex was privatised in the early 90s.  However, as reported by Reuters, the company is growing “increasingly bullish” and […]

Piracy is ‘number three’ TV player in Latin America

The level of pay TV piracy in Latin America means that illicit consumption of content is effectively the ‘number three player’ in the market behind América Movil and DirecTV, according to research by Dataxis. According to the research group, some 7% of households, or 11.8 million consumers, viewed pirated pay TV services in 2016. However, […]

LatAm pay TV subscriber numbers to reach 83.6m

The number of pay TV subscribers in Latin America is tipped to climb from 72.02 million by end-2016 to 83.56 million by 2021, according to new research. The Digital TV Research report claims that Latin America’s top two pay TV operators will account for nearly half the region’s pay TV subscribers by the end of […]

América Móvil increases majority stake in Telekom Austria

América Móvil has increased its stake in Telekom Austria by about 8.68% to take its holding to 59.7% as a result of a public tender offer that expired last Thursday. Upon settlement of the shares that participated in the offer during an additional acceptance period, América Móvil will, directly and indirectly, hold 264,470,131 shares in […]

America Movil takes majority stake in Telekom Austria

Latin American telco America Movil has upped its stake in Telekom Austria to a majority 50.8% after agreeing to buy some €743.4 million-worth of shares in the European operator. Announcing the deal this morning, Telekom Austria said that America Movil had agreed to buy 103.98 million shares representing approximately 23.47% of the share capital of […]

Telefónica wins backing for KPN German subsidiary takeover

Telefónica has improved its offer for Netherlands-based KPN’s German mobile operator E-Plus, winning the approval of KPN’s biggest shareholder America Movil. As part of the improved terms, KPN will receive €5.0 billion in cash and a 20.5% stake in Telefónica Deutschland post transaction, for a total transaction value of €8.55 billion. This compares to the […]

KPN Foundation hints at brake on Carlos Slim takeover

The KPN Foundation, an independent body with the power to block hostile takeover attempts of the Dutch telco, has expressed concern about Carlos Slim-owned América Móvil’s proposed bid for the 70% of the operator that it does not already own.  América Móvil unveiled its takeover plans at the end of last week. The foundation, set […]

America Movil plans €7.2 billion KPN bid

Latin American telco America Movil has announced plans to make a €7.2 billion bid for all issued and outstanding shares in KPN in the Netherlands. Mexican billionaire Carlos Slim’s America Movil already owns 30% of KPN and the new €2.40 per-share offer for the remaining 70% marks a 35.4% premium over the firm’s closing price […]

Shazam raises US$40m from America Movil

Shazam has raised US$40 million (€46 million) in funding from Latin American telco America Movil in a deal that sees the firms form a “strategic business collaboration” in the region. Second screen app and media recognition specialist Shazam said that the funds would help “accelerate Shazam’s ongoing growth in music, continued expansion into television and the […]