YOU ARE AT:TagsAmerica Movil

BROWSING: America Movil

América Móvil tagged with $1.1M fine tied to foreign ownership rules

América Móvil agreed to pay the fine connected with stock purchases of Puerto Rico Telephone by CEO Carlos Slim and family Mexico-based telecom giant América Móvil agreed to pay a $1.1 million fine to resolve an investigation by the Federal Communications Commission into violations of...

Orange to launch mobile-only banking in 2017

The French telco acquired a controlling stake in Groupama Banque French telecom group Orange announced an agreement to acquire a 65% stake in compatriot financial institution Groupama Banque and launch a mobile-only banking service.  Under the terms of the agreement, the new legal entity should become...

AT&T, Telcel to pay millions for AWS spectrum in Mexico

Operators will have 30 days to pay for the spectrum Mexico telecoms regulator IFT confirmed that as part of a recently completed spectrum auction, local mobile operator Telcel, owned by America Movil, will pay 2.1 billion pesos ($118 million) for mobile spectrum in the AWS-1...

America Movil, AT&T part of Mexican spectrum auction

The tender for 4G LTE spectrum is set to begin on February 15 Mexican telecommunications regulator Federal Telecommunications Institute (IFT) confirmed that mobile operators America Movil and AT&T will be allowed to participate in a 4G LTE mobile spectrum auction scheduled to begin Feb. 15. In...

AT&T spectrum swap, Apple encryption … 5 things to know today

5 things to know today ... 1. AT&T's plan to swap spectrum with Telefónica in Mexico has been approved by the Mexican government. The Federal Telecommunications Institute authorized AT&T to use the 1.7/2.1 GHz band in certain areas of Mexico, according to Reuters. Telefónica will...

Brazil and Cisco prep ICT infrastructure for 2016 Rio Olympics

RIO DE JANEIRO — Rio de Janeiro is set to host its first Olympic Games next year. From an information technology and telecommunications perspective, sponsors are responsible for implementing the infrastructure needed for the games, as well as provide connectivity at all 38 competition venues across...

Ericsson to test 5G, IoT platforms in Brazil

Targeting 2016 test, Ericsson partners with América Móvil and Brazilian government In coordination with the Brazilian government and carrier América Móvil, Swedish ICT and telecom vendor Ericsson plans to test "5G" mobile networks in Brazil in 2016, and also will test an "Internet of Things"...

One merger moves forward as another hits a snag … 5 things to know today

1. Nokia appears to have cleared the last major hurdle in its $17.6 billion purchase of Alcatel-Lucent. Today, China's Ministry of Commerce gave conditional approval to the merger, which has already been approved in the U.S. and Europe. China gave Nokia a to-do list...

NFV and SDN spend set to hit $157B by 2020

TBR report predicts U.S. and European operators to lead way in NFV and SDN investments Spending on network virtualization technology including software-defined networking and network functions virtualization is expected to hit $157 billion by 2020, driven by telecom operators based in the U.S. and Europe. In...

LatAm: América Móvil income down; $6B investment in Mexico

América Móvil posted 219.999 billion pesos ($13.7 billion) in second quarter revenue, almost flat (-0.1%) compared to the same quarter in 2014. However, the company's earnings before interest, taxes, depreciation and amortization decreased 5% year-over-year and net income dropped 16% year-over-year. Looking at the first half...

FCC slaps TracFone for device-unlocking violations

FCC found TracFone violated device-unlocking rules for Lifeline customers TracFone Wireless ran afoul of the Federal Communications Commission’s device unlocking requirements tied to its Lifeline service offerings that could cost the prepaid provider more than $83 million. The FCC’s Enforcement Bureau found that TracFone violated FCC...

The world’s top wireless carriers

The world's five largest wireless carriers account for roughly 2 billion mobile connections, according to the latest data from the World Cellular Information Service. China Mobile leads with 816 million customers, making it the world's largest wireless carrier by far. The World Cellular Information Service said...

LatAm: Claro Brazil resumes zero-rating plans

America Movil’s Brazilian mobile unit, Claro, announced a strategy focused on including zero-rating access to Facebook, Twitter and WhatsApp in its prepaid and postpaid packages. The announcement was made less than two months after Claro’s president, Carlos Zenteno, said that zero-rating plans were no longer...

Report: AT&T in talks to tap Mexico towers

AT&T is reportedly talking with Telesites to lease Mexico towers AT&T’s push into Mexico is reportedly set to include a tower agreement with rival America Móvil’s recently spun off Telesites business. Bloomberg recently reported that the two companies were in talks over a leasing agreement that...

LatAm: América Móvil to invest $50B

América Móvil plans include expansion of fiber optic network in Mexico América Móvil, Latin America's largest communication service provider, is about to conclude its investment plan totaling $50 billion. The amount will be allocated in all markets where the company has operations. The announcement, reported by the Mexican newspaper...

LatAm: América Móvil Q1 net profit down 40%; Colombia to auction 700 MHz

Latin America's largest telecom group América Móvil ended the first quarter with revenue up 3.1% over the year before in Mexican peso terms, while operating profits declined 6.6% and net profit fell 42.1%. In a statement, América Móvil explained that depreciation and amortization charges rose...

Cell Tower News: Death, destruction and obsolescence

Cell towers becoming obsolete? CNBC spoke with the founder of Parallel Wireless at the Founders Forum Smart Nation Singapore conference, who informed the major media outlet that he believes cell towers will soon become obsolete. He believes that individual cellphones will become the cell tower...

LatAm: Brazil passes antenna law

New antenna law expected to speed network deployments Brazil President Dilma Rousseff approved a new antenna bill (law nº11.116) laying down new rules for the installation of antennas used by mobile operators. The law aims to speed deployment of telecommunications infrastructure in the country, which has been delayed by the shear...

LatAm: América Móvil consolidates OSS; Opera video interview

América Móvil has selected NEC and NetCracker Technology as providers for a consolidated, end-to-end OSS solution for its Latin American operations, which includes Argentina, Brazil, Mexico, Colombia, the Dominican Republic and Puerto Rico. The goal of the project, which will replace legacy inventory systems, is to standardize...

Cell Tower News: América Móvil creates new tower company

América Móvil's tower move in Mexico All may be quiet on the American tower front after last week's big move from American Tower, but this week Latin American mobile operator América Móvil provided an update on its plans to spin its tower interests off into its own...

Accedian, Cisco report revenue growth

Accedian Networks’ revenue climbs 38% in 2014 Accedian Networks saw its revenue grow 38% in 2014, thanks in large part to global Long Term Evolution mobile network expansion. The Montreal-based company also cited North American small cell deployments and increased demand for enterprise-to-data center connectivity as factors...

LatAm: América Móvil net profit falls; Argentina, China sign telecom MOU

América Móvil reports Q4 results América Móvil ended the fourth quarter of 2014 with a 77.8% net profit decline. In its financial report,  the company owned by billionaire Carlos Slim claimed that an increase in comprehensive financing costs was caused by unrealized foreign exchange losses. América Móvil noted that...

LatAm: Oi said selling PT stake is best alternative

After the general meeting of Portugal Telecom SGPS shareholders was postponed, Oi said that while it supported the meeting delay, the sale of its stake in PT Portugal to Altice is the best alternative for the company. At the meeting, which was originally scheduled for...

LatAm: Analysis — AT&T’s acquisition of Iusacell spurs Mexican market transformation

The transformation of the Mexican telecom market has begun, following the passage of reform legislation. AT&T's $2.5 billion acquisition of the Mexican operator Iusacell has breathed new life into the market. Although it will not reduce the market share of the dominant player América Móvil (AMX) immediately, AT&T...