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America Movil Carlos Slim Latin American Mexico Tech Top News 

Samsung, America Movil announce partnership in Latin America

July 18, 2017 MEXICO CITY (Reuters) – Samsung Electronics Co Ltd and America Movil, the telecoms company controlled by Mexican billionaire Carlos Slim, said on Tuesday they had signed an agreement to provide the latest technology to Latin American consumers. The aim of the partnership is to deliver the 4.5G network in Mexico and other Latin American countries and to open up access to the so-called Internet of Things, in which everyday objects are connected to the Internet, the companies said in a joint statement. Through the agreement, the companies…

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America Movil Mexico OOH Tech Top News 

France’s JCDecaux, America Movil create joint venture in Mexico

June 27, 2017 (Reuters) – France’s JCDecaux said on Tuesday it will create a joint venture with Mexican telecommunications group America Movil by merging their out of home (OOH) advertising businesses. JCDecaux will hold 60 percent of the new company, JCD Out Of Home Mexico, S.A. de C.V. (JCDecaux MX), with the remaining 40 percent held by a wholly owned subsidiary of America Movil, the French group said in a statement. The transaction is expected to close before year-end. (Reporting by Alan Charlish; Editing by Sherry Jacob-Phillips) Powered by WPeMatico

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America Movil case Mexico Supreme Court Tech Top News 

Mexico president fetes telecom law as top court weighs Slim challenge

June 27, 2017 By Noel Randewich MEXICO CITY (Reuters) – President Enrique Pena Nieto and industry executives praised a three-year-old overhaul of Mexico’s telecommunications sector on Monday as it faces a major challenge from billionaire Carlos Slim in the Supreme Court. The number of Mexicans with cellphones surged by 20 million to 81 million in 2016 since the constitutional reform, while the number of Internet users has expanded to 65 million from 41 million, Pena Nieto said in an apparent bid to increase public support for the law. He held…

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America Movil plans up to 3 billion pesos in share buybacks

March 28, 2017 MEXICO CITY (Reuters) – Mexican billionaire Carlos Slim’s America Movil said on Tuesday it plans to ask shareholders at an April 5 meeting to approve up to 3 billion pesos ($158 million) in share buybacks between April 2017 and April 2018. America Movil will also propose a dividend of 0.30 pesos per share, the company said in a filing with the Mexican stock exchange. (Reporting by Anahi Rama) The post America Movil plans up to 3 billion pesos in share buybacks appeared first on One America News…

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Mexico may force Slim’s America Movil to separate fixed unit -sources

February 28, 2017 By Christine Murray MEXICO CITY (Reuters) – Mexico’s telecoms regulator has discussed forcing billionaire Carlos Slim to legally separate his fixed-line company Telmex from his mobile business, people familiar with the matter said, a move that would intensify antitrust rules against the company. Late on Monday, the regulator’s seven-person board voted on whether to toughen, maintain or loosen rules against America Movil and broadcaster Grupo Televisa , according to the three people, who declined to be named as deliberations were not public. Reuters could not confirm whether…

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