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IFT approves Telmex separation, America Movil to appeal
2018-03-06 11:03:00| Telecompaper Headlines
(Telecompaper) Mexico's telecom regulator IFT has approved a plan to separate America Movil's fixed-line Telmex and Telnor units as part of antitrust measures against the company. Creating a separate wholesale unit will allow Telmex to re-invest proceeds from line rentals in infrastructure upgrades, said the IFT. The company now has two years to carry out the separation and will have to present an asset and debt transfer plan during that time, added the regulator in a statement.
Tags: america
appeal
separation
approves
America Movil Q4 losses widen on weaker peso, underlying revenue higher
2018-02-14 08:22:00| Telecompaper Headlines
(Telecompaper) America Movil saw its net loss nearly double in the fourth quarter, to MXN 11.3 billion from MXN 6.0 billion a year ago. The company was hurt by the depreciation in the Mexican peso versus the US dollar and euro. EBITDA rose 6.8 percent to MXN 70.2 billion, and operating profit was up 10.9 percent to MXN 28.6 billion, supported by improving economic conditions, the company said.
Tags: america
higher
revenue
underlying
America Movil mulling sale of stake in KPN
2017-11-17 14:26:00| Telecompaper Headlines
(Telecompaper) America Movil may consider selling its 21.4 percent stake in KPN after receiving interest from a number of parties, Reuters reported. CFO Carlos Garcia Morena said the company had in the past already received expressions of interest and that these were coming in again. Moreno made the statement to to investors at the Morgan Stanley TMT conference in Barcelona.
Tags: sale
america
stake
movil
Mexico's IFT reinstates America Movil interconnection charges
2017-11-03 08:52:00| Telecompaper Headlines
(Telecompaper) Mexico's telecommunications watchdog IFT has voted to allow America Movil to once again start charging rivals interconnection fees for the first time in over three years. The decision comes after America Movil in August prevailed in one of its injunctions against the 2014 telecommunications reform that sought to curb its dominance by imposing a zero interconnection rate. However, the Mexican Supreme Court ruled that it should not be barred by law from charging competitors interconnection fees, with the IFT entrusted with setting the corresponding tariffs. In a statement, the regulator said America Movil can charge rival operators nearly 3 peso cents (MXN 0.028562) per minute for calls to its network starting 01 January, while competitors can charge just over 11 peso cents (MXN 0.112799) per minute for mobile calls to their networks.
Tags: america
charges
interconnection
movil
Mexico OKs America Movil interconnection fees
2017-11-03 01:00:00| Total Telecom industry news
Mexico's Instituto Federal de Telecomunicaciones (IFT) on Thursday gave the final go-ahead for America Movil to charge interconnection fees. The telco watchdog held a vote on Thursday to approve the proposed charges that America Movil's domestic mobile operation…read more on TotalTele.com »
Tags: america
mexico
fees
interconnection
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