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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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