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America Movil

Mexico reports strong early interest in 3G spectrum

A wide range of firms – including incumbent operators and potential new entrants – have expressed an interest in participating in Mexico’s imminent 3G spectrum auctions, according to the local regulator.

America Movil eyes US850M Mexico investments

America Movil, Latin America’s biggest mobile operator, could invest around US$850 million in its Mexican operations during 2010, according to a top executive that spoke to Dow Jones Newswires.

Cost-cutting Telefonica loses ground in Central America

Millicom and Digicel make gains in 2Q09 as Spanish giant reigns in spending

America Movil reports 51% rise in Q3 profit

Mexico-based America Movil – Latin America’s largest mobile operator – has reported a 51 percent rise in net profit for the third quarter amid signs that the region is recovering from the economic slump.

America Movil preps US3B investment

Dow Jones reports that America Movil, Latin America’s largest mobile operator by subscribers, will invest more than US$3 billion in its operations next year.

Telefonica, America Movil to invest US205M in Ecuador

Dow Jones Newswires reports that the local units of Spain’s Telefonica and Mexico’s America Movil will maintain their plans to invest a total of US$205 million in Ecuador this year to improve services, technology and coverage.

US mobile operators eye Cuban opportunity

Reports in the US media this week suggest that President Obama’s decision to ease long-standing economic restrictions against Cuba could lead to US operators entering the country’s underdeveloped mobile market.

Mexico gets Comes With Music

A day after announcing a Brazilian launch, Nokia today said that its Comes With Music service will be available in Mexico via America Movil from 1 May.

America Movil secures US1B Chinese loan

Latin American mobile giant America Movil has become the latest telecoms firm to receive funding from the China Development Bank (CDB), China’s fifth-largest commercial bank.

America Movil Q2 profit up 27.5%

America Movil, Latin America’s largest mobile operator, reported a 27.5 percent jump in second-quarter profits as sales grew despite a slowdown in new subscribers, reports Forbes.