BROWSING: America Movil

MEXICO CITY-America Movil S.A., the Mexico-based wireless service provider, said it acquired 100 percent of Chilean wireless carrier Smartcom for $472 million from Spanish company Endesa Participadas S.A.Smartcom has about 1.7 million wireless subscribers in Chile and is the smallest wireless carrier in Chile.America...

MEXICO CITY-Leading prepaid wireless provider Tracfone Wireless Inc., which is owned by Latin American telecommunications provider America Movil, said it added 83,000 subscribers during the second quarter, compared with 213,000 customers added during the second quarter of 2004. The company ended the first half...

MEXICO CITY, Mexico-America Movil S.A. de C.V. said it won a license to provide mobile service in Peru. The company offered $21.1 million in a public auction for the spectrum.

RIO DE JANIERO, Brazil-A Brazilian company said it is placing its controlling stakes in two Brazilian wireless carriers up for sale in a bidding process. Futuretel S.A. and Highlake International Business Company Ltd., both part of the Opportunity Group, said they will start a...

RIO DE JANEIRO, Brazil-A Brazilian company said it is placing its controlling stakes in two Brazilian wireless carriers up for sale in a bidding process.Futuretel S.A. and Highlake International Business Company Ltd., both part of the Opportunity Group, said they will start a competitive...

MEXICO CITY-Prepaid wireless reseller Tracfone Wireless Inc., which is owned by America Movil S.A. de C.V., said it added 551,000 subscribers during the fourth quarter of last year and 1.4 million subscribers for the full year, bringing its subscriber base to 4.4 million at...

ATLANTA-BellSouth Corp. said it has completed the sale of its 10 Latin American wireless operations for Telefonica Moviles S.A. following the transfer of its ownership interest in Argentina. BellSouth noted it received $674 million for its Argentina operations, and it plans to recognize an...

ATLANTA-BellSouth Corp. said it has completed the sale of its 10 Latin American wireless operations for Telefonica Moviles S.A. following the transfer of its ownership interest in Argentina. BellSouth noted it received $674 million for its Argentina operations, and it plans to recognize an...

Distributor Brightstar Corp. is planning an initial public offering of up to $115 million, according to a new filing with the U.S. Securities and Exchange Commission.The company plans to use any proceeds from the offering for potential acquisitions of and investments in other businesses,...

Distributor Brightstar Corp. is planning an initial public offering of up to $115 million, according to a new filing with the U.S. Securities and Exchange Commission.The company plans to use any proceeds from the offering for potential acquisitions of and investments in other businesses,...

MADRID, Spain-Telefonica Moviles, one of the leaders in the Latin American wireless industry, said it will acquire 100 percent of the shares of Chilean operator Telefonica Movil Chile from Compania de Telecomunicaciones de Chile for $1 billion. The Spanish carrier currently has a 43.6-percent...

MEXICO CITY-Mexican carrier America Movil this week released first-quarter 2004 financial results for its U.S.-based prepaid subsidiary Tracfone Wireless Inc.During the quarter, Tracfone gained 395,000 new subscribers, bringing its total subscriber base to 3.3 million customers. Revenue was $174 million, up 55.7 percent from...

MEXICO CITY-Mexican mobile operator America Movil said it exchanged its 49-percent interest in CompUSA Inc. for a 29.69-percent stake in US Commercial Corp. for about $16 million. US Commercial is a public company listed on the Bolsa Mexicana de Valores and now holds 100...

MEXICO CITY-Mexican mobile operator America Movil said it exchanged its 49-percent interest in CompUSA Inc. for a 29.69-percent stake in US Commercial Corp. for about $16 million. US Commercial is a public company listed on the Bolsa Mexicana de Valores and now holds 100...

MEXICO CITY-America Movil is continuing its buying spree by acquiring 51 percent of Salvadorian company CTE, which provides mobile and fixed services in El Salvador, for $417 million. America Movil is buying the stake from France Telecom, which is exiting the Salvadorian and Argentine...

America Movil is continuing its buying spree by acquiring 51 percent of Salvadorian company CTE, which provides mobile and fixed services in El Salvador, for $417 million. America Movil is buying the stake from France Telecom, which is exiting the Salvadorian and Argentine markets,...

MEXICO CITY-Continuing its buying spree, Mexico-based mobile operator America Movil said its $625 million offer to acquire Brazilian mobile operator BCP was accepted. Telemar Norte Leste has an option to acquire a stake of BCP.The deal signals the complete exit of BellSouth Corp. from...

VIENNA, Va.-Cramer Systems will provide Chile's Entel PCS Telecomunicaciones S.A. with an inventory management solution to manage its nationwide network and to automate delivery of services. "Cramer has had an outstanding record in winning new mobile business because operators know we understand how to...

MEXICO CITY-Mexican operator America Movil said it acquired the 20 percent interest in Ecuadorian mobile operator Conecel that it does not already own from minority shareholders. The value of the transaction was not disclosed.America Movil now owns 100 percent of Conecel, which is the...

ATLANTA-BellSouth Corp. signed an agreement to sell its stake in Brazilian cellular provider BSE, also known as BCP Nordeste, to America Movil subsidiary Telecom Americas for an undisclosed amount. The sale is expected to close during the second quarter.BellSouth said it will continue to...

MEXICO CITY—America Movil, the mobile subsidiary of Mexico's TelMex, announced several transactions that will give it control of several Latin American companies currently held by Telecom Americas and centralize Telecom Americas' holdings in Brazil. Telecom Americas is the partnership among America Movil, SBC Communications...

MEXICO CITY-U.S.-based Williams Communications said it entered an agreement with America Movil, the wireless arm of Mexican telecom giant TelMex, to sell its 19-percent interest in Brazilian wireless provider Algar Telecom Leste (ATL) to America Movil. The financial terms of the transaction were not...