America Movil S.A.B. de C.V. (AMX)

[Hockmir]

Recent news:

Another company to see shares rise this week was Carlos (world’s richest man) Slim’s America Movil (AMX) which saw shares gain 0.2% to 34.04 pesos. The company -- Latin America’s largest cellphone provider -- is expecting growth to slow by a third in 2011 as its Latin American market becomes saturated. Fourth-quarter results for the company were “solid but unspectacular”. Revenue was up 6% from the same period in 2009 pushing full year sales to over $50 billion.

Attempting to stave off competition authorities, Slim’s Telcel -- the commercial arm of America Movil -- has today lowered its charges to rivals who want to connect to its network. In 2004, the connection fee per minute was 1.90 pesos. This decreased gradually until it hit 1 peso per minute in 2010. The rates which come in today are unknown.

Link:
http://www.minyanville.com/businessmarkets/articles/top-gear-mexico-news-jeremy-clarkson/2/11/2011/id/32755?camp=syndication&medium=portals&from=yahoo