ADVFN - Advanced Financial Network.
HOME» NYSE » A » AMX Stock Price » AMX Stock News

America Movil Share News

 America Movil, S.a.b. De C.v. Stock Price
AMX Stock Price
 America Movil, S.a.b. De C.v. Stock Chart
AMX Stock Chart
 America Movil, S.a.b. De C.v. Stock News
AMX Stock News
 America Movil, S.a.b. De C.v. Company Information
AMX Company Information
 America Movil, S.a.b. De C.v. Stock Trades
AMX Stock Trades

Brazil to Suspend Some Mobile Phone Sales by 3 Firms - Report

SAO PAULO--Brazil's telecommunications regulator has opted to suspend sales by three mobile phone companies in some states because of the volume of customer complaints, the Folha de Sao Paulo newspaper reported on its web site on Tuesday. The regulator, known as Anatel, will from Wednesday suspend mobile phone sales by TIM Participacoes SA (TSU, TIMP3.BR), a unit of Telecom Italia SpA (TI, TIA, TIT.MI), Oi SA (OIBR, OIBR4.BR) and Claro, a unit of Mexico's America Movil SA (AMX, AMOV, AMX.MX), according to the report. TIM won't be allowed to sell in 15 states, Oi in six states and Claro in three states, according to the report, which didn't disclose which states would be affected. Anatel has called a press conference for later on Tuesday afternoon "to discuss the quality of mobile phone service in Brazil." A spokesman for Anatel declined to comment on the Folha article. The companies will only be allowed to restart sales once they present an investment plan for the next two years, with goals to resolve problems with the quality of the service they're providing to customers, according to Folha. Together, the three account for around 70% of the Brazilian mobile phone market; Telefonica Brasil SA (VIV, VIVT4.BR) is the fourth operator, with the remaining 30% share. Anatel has been monitoring performance over the last six months, according to the report. Shares in the two locally-traded firms to be affected, TIM and Oi, were down 2.4% and 3.5%, respectively, while the broad Ibovespa index was up 1.1% on the day. Shares in Telefonica Brasil were up 0.6%. New York-traded shares in America Movil were down 1.1%. Write to Matthew Cowley at matthew.cowley@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for America Movil (AMX)
DateTimeHeadline
04/16/201417:10:07American Express Profit Rises on Higher Revenue
04/16/201416:40:51American Express Quarterly Profit Rises on Higher Revenue
04/01/201417:18:51ADR Shares End Higher; Anheuser-Busch InBev Shares Active
04/01/201400:00:47Regulators Cut América Móvil's Interconnection Rates
03/28/201416:00:13214;IAG Cleared to Complete America Movil Deal
03/28/201415:46:15214;IAG Gets Go-Ahead to Complete Agreement With America Movil
03/24/201419:25:12Mexico's President Unveils Telecom Bill
03/21/201416:26:10American Express CEO Awarded $24.4 Million for 2013 -- Update
03/17/201417:41:09GE Consumer Finance Unit Faces Two Federal Probes
02/24/201417:20:37ADR Shares End Higher; HSBC Shares Active
02/24/201417:06:12Correction to America Movil May Hold Tie-Up Talks Story
02/24/201416:50:09America Movil May Hold Tie-Up Talks Over Telekom Austria
02/24/201416:27:58America Movial May Hold Tie-Up Talks Over Telekom Austria
02/13/201402:20:17Mexican Telecom Regulator Set Back by Court Ruling -- 3rd Update
02/13/201401:16:59Mexican Telecom Regulator Set Back by Court Ruling --Update
02/12/201418:18:38ADR Shares End Mixed; ING, Nokia Shares Active
02/12/201411:31:09America Movil Says KPN Stake Reduced for Financial Reasons
01/03/201408:48:37Brazil Stocks Open Higher, Led by TIM, Following Takeover Report
11/15/201308:22:25Janus Capital Management 3Q 13F: Largest Eliminations
11/15/201307:11:09AQR Capital Management 3Q 13F: Largest Purchases

America Movil and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad