America Movil says ready to launch 5G in Mexico; plans to sell Tracfone this year

10/20/2021

Source: Reuters

Mexican telecommunications company America Movil said on Wednesday it was “ready” to launch a 5G market in Mexico and it expects to close a deal to sell its TracFone unit by year-end.

Verizon (VZ.N) said last year it would buy prepaid mobile phone provider TracFone, a unit of America Movil that serves about 21 million customers, in a more than $6 billion acquisition. The attorneys general of 16 U.S. states and the District of Columbia urged the FCC to thoroughly investigate the deal.

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Telefonica teams up with AT&T in Mexico in new bid to take fight to Slim

cell phones 2

11/21/19 – Reuters

By Julia Love

Spanish telecoms giant Telefonica has struck a deal to use some of U.S. rival AT&T’s infrastructure in Mexico, a move analysts said would better position both to compete with the market’s juggernaut, billionaire Carlos Slim’s America Movil.

Under the agreement announced on Thursday, Telefonica will use AT&T’s wireless ‘last-mile’ equipment – the final link of telecom networks that delivers service to consumers through towers, antennas and fiber-optic cables.

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Mexican billionaire Slim vows to invest in Mexico, touting economic prospects

Carlos Slim

10/16/19 – Reuters

By Julia Love, Daina Beth Solomon

Mexican billionaire Carlos Slim said on Wednesday that he expects to invest up to $5 billion in Mexican infrastructure during the current administration as he delivered a full-throated endorsement of the economy despite investor jitters.

Mexican billionaire Carlos Slim said on Wednesday that he expects to invest up to $5 billion in Mexican infrastructure during the current administration as he delivered a full-throated endorsement of the economy despite investor jitters.

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America Movil says not negotiating with Telefonica, Telecom Italia over Oi

cell phones 2

10/07/19 – Reuters

By Ana Isabel Martinez

Mexican telecommunications firm America Movil is not negotiating with Spain’s Telefonica SA and Telecom Italia SpA about making a joint bid for assets of Brazilian telecoms firm Oi SA, a company spokesman said on Monday.

“Absolutely nothing has been negotiated,” Arturo Elias Ayub, America Movil’s director of communications said.

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Mexico’s America Movil to buy Nextel’s Brazil operation: filing

3/18/2019 – Reuters

Capture.PNGSAO PAULO (Reuters) – Mexico’s America Movil, which controls telecom operator Claro in Brazil, said on Monday that it will acquire 100 percent of rival Nextel’s Brazil operation, allowing for consolidation in the country’s already crowded sector. Claro will pay 905 million dollars for the company, which is controlled by mobile service company Nii Holdings Inc. The company had been on sale for months, as Reuters reported in June that Nii Holdings had hired new banks as it sought a buyer.

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Mexico telecom regulator investigates streaming market

09/18/2018 – Reuters 

bandwidth-close-up-computer-1148820.jpgMexico’s telecommunications regulator on Tuesday said it was investigating “probable” monopoly practices in the market for streaming online content, including the sale of devices to watch TV online.

The Federal Telecommunications Institute said in a notice published in the government’s daily gazette that it had opened the investigation due to a complaint, but it did not name any specific companies.

The statement said the authority was investigating potential contracts or agreements to unduly displace competitors, prevent them from entering the market or set exclusive advantages in favor of one or more companies.

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Slim’s America Movil Challenges Pemex Contract Awarded to Televisa Group

09/11/2018 – The New York Times

telecomunicaiconesBillionaire Carlos Slim’s America Movil and Mexico’s state oil firm have become embroiled in a public fight over a government contract after the telecommunications giant filed complaints and a legal challenge, saying it unfairly lost the bid.

A rival group, including a unit of Mexican broadcaster Grupo Televisa <TLVACPO.MX>, won a contract in June for nearly $36 million to provide internet to the oil company known as Pemex.

America Movil had presented a cheaper offer of roughly $24.5 million, a company spokesman said, and went on to file complaints against Pemex.

A Pemex spokesman said on Monday that the company expects to respond in several days but has not set an exact date.

 

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AT&T, Telefonica bids win Mexican spectrum auction

08/06/18 Reuters

at&amp;t by Todd Kravos

Bids by telecommunications firms AT&T and Telefonica won 120 MHz of radioelectric spectrum in the 2500-2690 MHz frequency band that can be used for wireless services, Mexico’s telecommunications regulator, IFT, said on Monday.

The auction had drawn strong interest from operators because it is well-suited for broadband, 5g mobile networks and the so-called Internet of Things.

The companies “will have the 2.5 GHz spectrum, which will be used for broadband mobile services. Said spectrum will allow operators to offer better quality to the domestic telecommunications market,” said the IFT.

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Mexico Telecoms Regulator to Vote on Letting Slim’s America Movil Charge Rivals

10/24/2017 The New York Times

Mexico’s telecommunications regulator is discussing a proposal that would allow billionaire Carlos Slim’s America Movil to start charging local rivals again for calls made to clients on its network, according to a document seen by Reuters.

Rivals such as AT&T and Telefonica have been anxiously awaiting new rates since the Supreme Court ruled in August that America Movil should not be barred by law from charging other carriers for calls to its customers.

The court found the market regulator, the Federal Institute of Telecommunications (IFT), not legislators, should set the so-called interconnection rates.

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As Mexico lauds telecom reform, rural poor search for connection

10/27/16 Reuters

Toddler Priscila Rubi Sanchez lived in a remote Mexican hamlet with no fixed line or cell phone network, so when a mouthful of corn partially blocked her throat late one night and her parents could not call for help, she died.

Life is tough in Santa Cruz Itundujia in the mountains of Oaxaca state and it is made even harder here and in other isolated towns throughout Mexico’s rugged interior by a lack of connectivity that complicates everything from education to getting help in medical emergencies.

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