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.
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.
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.”
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.
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.