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's TIM Hopes Sales Ban Will Be Lifted Next Week

BRASILIA--TIM Participacoes SA (TSU, TIMP3.BR), Brazil's second-biggest mobile-telephone-services provider by market share, hopes to be able to resume as early as next week the sale of contracts in states where the government has banned new sales. Last week, Brazil's telecommunications regulator, Anatel, imposed a ban on the sale of new mobile-phone contracts in certain states by three providers: TIM, Oi SA (OIBR, OIBR4.BR), the fourth-biggest provider by market share, and the Brazilian unit of America Movil SAB (AMX, AMX.MX), known as Claro, No. 3. The financial effect of the sales ban for TIM should be almost "immaterial," said Franco Bernabe, chief executive of Telecom Italia SpA (TI, TIT.MI), which controls TIM. The biggest impact has been on the company's image and its share price, he added. The Anatel ruling took effect Monday. Operators were given 30 days to present investment plans aimed at resolving customer complaints. They face a fine of 200,000 Brazilian reais ($98,890) per region for each day they are late. Each of the three companies has since handed in its plans, and Anatel asked all of them for more information, which the companies expect to provide next week. TIM's plan will redirect planned investment toward improving the quality of the network and customer service, which were the biggest areas of consumer complaints. The reason quality declined, the company said, was that the investment plan fell behind schedule because of organizational and technical problems as well as difficulties related to two acquisitions TIM made in a short period of time. Write to Jeffrey T. Lewis at Subscribe to WSJ:

Stock News for America Movil (AMX)
09/13/201614:56:00Citi Appointed Successor Depositary Bank for América Móvil S...
09/05/201622:20:00Brazil's Oi Files Recovery Plan to Exit Bankruptcy Protection
08/22/201607:56:00Brazil Mobile-Phone Subscriptions Drop in June on Poor Economy
07/28/201621:20:00Amé rica Mó vil's Net Profit Falls as Mexico Weighs on Earnings
06/22/201608:25:00Technology Sector Equities Coverage -- America Movil, Nielsen...
06/20/201620:40:00Telecom Oi Files Largest Bankruptcy Request in Brazil's History
05/06/201617:38:00Mexico's Top Broadcasters Forgo Airing Rio Olympics
03/30/201609:32:00TracFone® and Dress for Success® Partner for Second Year to E...
03/19/201603:02:00FCC Releases Wireless Bidder List
03/18/201618:00:00FCC Releases Bidder List for Wireless Auction
02/26/201614:10:00Mexico's Televisa Focuses 2016 Investment on Cable, Telecom
01/29/201616:10:00Mexico Launches Bidding for Shared Mobile Network
01/13/201605:57:00Brazil Mobile-Phone Subscriptions Down Again in November
12/21/201512:40:00Amé rica Mó vil Spinoff Telesites Gains in Market Debut
12/02/201517:06:00Mexican Stocks End Lower, Peso Weakens After Yellen Comments
11/10/201513:30:00Spain's Telefó nica to Challenge Mexican Regulatory Fine
10/30/201509:10:00Iliad Founder Neil Has 15% Stake in Telecom Italia

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 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations