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America Movil is Front-runner in Race for TeliaSonera's Yoigo -Report

America Movil (AMX), owned by Mexican billionaire Carlos Slim, has emerged as the front-runner in the race for Yoigo, the Spanish mobile-phone unit of Swedish telecommunications company TeliaSonera AB (TLSN.SK), which has recently put its controlling stake in Yoigo up for sale, reports Expansion in its Friday Internet edition. Indeed, Spain's largest mobile operators--Telefonica SA's (TEF) Movistar, Vodafone PLC (VOD) and France Telecom SA's (FTE) Orange--which were also bidding on Yoigo, are faced with legal barriers as the Universal Mobile Telecommunications System license tender awarded to Yoigo in 2000 forbids ownership of such license to any company already owning or effectively controlling a UMTS license, the paper adds. Each of Spain's three largest telecom firms already have a UMTS license. Newspaper website: Write to Enza Tedesco at Subscribe to WSJ:

Stock News for America Movil (AMX)
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08/26/201518:04:00ADRs End Higher; Syngenta Declines
08/24/201516:00:00AT&T Begins Rebranding in Mexico
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08/04/201509:00:00Wireless Communications Equities under Review -- America Movil...
07/16/201521:00:17America Movil Profit Down 16%
07/16/201520:15:21America Movil's Second-Quarter Profit Down 16% on Flat Sales
07/02/201516:58:31Mexican Stocks End Higher, Peso Strengthens After U.S. Jobs Report
06/25/201519:10:22AT&T Plans $3 Billion Expansion in Mexico
06/25/201518:41:37AT&T Plans $3 Billion Expansion in Mexico
06/17/201507:24:14Brazil Mobile-Phone Subscriptions Rise at Lower Pace in April
06/15/201510:53:31Telekom Austria CEO Ametsreiter To Leave -- Update
06/15/201506:51:19Telekom Austria Chief Executive Ametsreiter To Leave
05/20/201519:01:29ADRs End Mixed; Bank Shares Rise
04/27/201510:13:39America Movil SAB de CV Price Target Cut to $20.00 (AMX)

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