America Movil News
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America Movil SAB avoided a showdown with Mexican officials over its online-video service as telecommunications regulators who had called for its urgent scrutiny voted to postpone a meeting.
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Telefonica Brasil SA, the nation’s biggest telecommunications company, is beating Oi SA and Tim Participacoes SA at squeezing more revenue from users as slowing demand prompts a hunt for more profitable customers.
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Bill Gates is once again the world’s richest person.
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Royal KPN NV, the Dutch phone operator partly owned by Carlos Slim’s America Movil SAB, raised about 2.92 billion euros ($3.78 billion) in a share sale as investors took up 97.4 percent of the offered rights.
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A Mexican law to boost competition in telecommunications and media gained approval from a majority of state legislatures, surmounting its final hurdle for passage.
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The world’s 200 richest people added $17.5 billion to their aggregate wealth this week as U.S. jobless claims fell to a five-year low, bolstering optimism in the economy.
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After a group of protesters denounced Carlos Slim and marched out of the room playing Darth Vader’s theme song on kazoos, a companion of the Mexican billionaire smiled at him and said, “Welcome to New York.”
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Telekom Austria AG, the country’s biggest phone company, rose the most in almost five weeks after its first-quarter earnings beat analysts’ estimates while a decline in revenue was cushioned by business in Belarus.
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Ecuador’s anti-monopoly watchdog, seeking to improve mobile-phone coverage, suspended about 2,000 exclusive contracts used by carriers such as America Movil SAB to get prime locations for network towers.
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Telekom Austria AG, the nation’s biggest phone company, said first-quarter earnings fell as market conditions in Austria and Bulgaria remained difficult.
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