Inactive Instrument

América Móvil, S.A.B. de C.V. Mexican S.E.

Equities

AMX L

MXP001691213

Integrated Telecommunications Services

America Movil SAB de CV : Telecom Italia acknowledges Vivendi decision on GVT unit

August 28, 2014 at 03:12 pm EDT

MILAN (Reuters) - Telecom Italia (>> Telecom Italia SpA) said on Thursday it "took note" of the decision by Vivendi (>> VIVENDI) to enter into exclusive talks with Spain's Telefonica (>> Telefonica SA) over the sale of the French media company's Brazilian unit GVT.

Earlier, Vivendi picked Telefonica for exclusive talks over the sale of GVT, spurning Telecom Italia's rival bid.

"From the start Telecom Italia has made it clear that it would take a disciplined approach to its strategy in Brazil in order to maximize the value for all its shareholders," the Italian telecoms operator said in a statement.

Telecom Italia said it would continue to pursue its development and investment plans in Brazil in line with its 2014-2016 business plan.

(Reporting by Stephen Jewkes)

Stocks treated in this article : VIVENDI, Telefonica SA, Telecom Italia SpA, America Movil SAB de CV, TIM Participacoes SA

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
VIVENDI SE	10.02 EUR	+0.75%	+3.06%	10.85B
EURO / BRAZILIAN REAL	5.488 BRL	-0.30%	-0.30%	-
TELEFÓNICA, S.A.	4.139 EUR	+1.07%	+6.59%	24.58B
TELECOM ITALIA S.P.A.	0.233 EUR	+4.02%	+4.48%	5.11B

Latest news about América Móvil, S.A.B. de C.V.

Mexico's Slim mulls $7.7 billion investment in Brazil over 4 years	Apr. 19	RE
UBS Adjusts America Movil Price Target to $23.30 From $22.80, Maintains Buy Rating	Apr. 18	MT
América Móvil, S.A.B. de C.V. Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 17	CI
America Movil says 5G in focus as $7 bln capex plan on track	Apr. 17	RE
Transcript : América Móvil, S.A.B. de C.V., Q1 2024 Earnings Call, Apr 17, 2024	Apr. 17
Global markets live: LVMH, ASML, Rio Tinto, Eli Lilly, Tesla...	Apr. 17
America Movil's Q1 Earnings, Revenue Decline	Apr. 17	MT
America Movil Q1 results tumble against strong peso, 2023 tower sales	Apr. 16	RE
America Movil Q1 results tumble against strong peso, 2023 tower sales	Apr. 16	RE
America Movil 1Q Net Profit Falls on Higher Financial Costs	Apr. 16	DJ
América Móvil, S.A.B. de C.V. Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 15	CI
JPMorgan Adjusts Price Target on America Movil to $17.50 From $15, Maintains Underweight Rating	Apr. 01	MT
América Móvil, S.A.B. De C.V. Proposes Dividend	Mar. 20	CI
UBS Adjusts Price Target on America Movil to $23.50 From $22.80, Maintains Buy Rating	Feb. 20	MT
Jefferies Upgrades America Movil to Buy From Hold, Adjusts Price Target to $22.22 From $19.16	Feb. 16	MT
America Movil trims 2024 capex to $7 billion on less spectrum spend	Feb. 14	RE
Transcript : América Móvil, S.A.B. de C.V., Q4 2023 Earnings Call, Feb 14, 2024	Feb. 14
America Movil Q4 Earnings Rise, Revenue Declines	Feb. 14	MT
America Movil 4Q Net Profit Rises 68% to MXN26.42 Billion	Feb. 13	DJ
América Móvil, S.A.B. de C.V. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 13	CI
Tranche Update on América Móvil, S.A.B. de C.V. (BMV:AMX B)'s Equity Buyback Plan announced on March 30, 2001.	Feb. 12	CI
Mexico reaches deal to buy highway concession from billionaire Slim	Feb. 05	RE
Goldman Sachs Trims America Movil's Price Target to $19.50 From $20, Keeps Neutral Rating	Jan. 31	MT
America Movil announces foreign debt offering worth up to $1.16 bln	Jan. 23	RE
Goldman Sachs Adjusts Price Target on America Movil to $20 From $19, Maintains Neutral Rating	Jan. 17	MT

Chart América Móvil, S.A.B. de C.V.

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Company Profile

America Movil, S.A.B. de C.V. is a holding company. The Company provides telecommunications services. Its services include mobile and fixed-line voice services, wireless and fixed data services, Internet access and pay television, sales of equipment, accessories and computers, as well as other related services. Its segments are Mexico Wireless, Mexico Fixed, Brazil, Colombia, Southern Cone, Andean Region, Central America, the Caribbean, the United States and Europe. The Southern Cone segment includes Argentina, Chile, Paraguay and Uruguay. The Andean Region segment includes Ecuador and Peru. The Central America segment includes Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama. The Caribbean segment includes the Dominican Republic and Puerto Rico. The Europe segment includes Austria, Belarus, Bulgaria, Croatia, Macedonia, Serbia and Slovenia. It operates in all of its geographic segments under the Claro brand, except in Mexico, the United States and Europe.

Sector

Integrated Telecommunications Services

Calendar

2024-05-07 - Investor Day

Related indices

Mexico IPC

More about the company

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