America Movil SAB and Grupo Televisa SAB were ordered by Mexico’s government to share their infrastructure with competitors in a bid to cut the market share of the nation’s dominant phone and media companies.
America Movil SAB is discussing an agreement to combine its Telekom Austria AG shares with the Austrian government to form a syndicate, a move that would lead to a bid for full control of the European phone carrier.
Telekom Austria AG, one of two European phone companies part-owned by Carlos Slim’s America Movil SAB, posted fourth-quarter earnings that missed analysts’ estimates and forecast further revenue declines.
When Enrique Pena Nieto ran for president in 2012, opponents nicknamed him the Televisa candidate for what they described as favorable coverage from Mexico’s largest broadcaster. Now as president he’s pushing for more competition that will hurt Grupo Televisa SAB’s revenue growth.
Facebook Inc.’s purchase of WhatsApp Inc. for $19 billion is heightening the allure of other fledgling businesses, some of them little known in the U.S., that specialize in letting users send messages.
America Movil SAB, the mobile-phone company controlled by billionaire Carlos Slim, sank to a four- month low after Barclays Plc said the stock looks overvalued as Mexico prepares to implement pro-competition laws.
Facebook Inc.’s $19 billion purchase of mobile-messaging startup WhatsApp Inc. is a stark reminder of how much money phone carriers are losing out on as competitors let users text and chat at no charge.