Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Mexico
  4. Mexican Stock Exchange
  5. América Móvil, S.A.B. de C.V.
  6. News
  7. Summary
    AMX L   MXP001691213

AMÉRICA MÓVIL, S.A.B. DE C.V.

(AMX L)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

America Móvil B de C : América Móvil completes sale of Tracfone to Verizon

11/23/2021 | 11:10am EST

"América Móvil completes sale of Tracfone to Verizon"

Mexico City, November 23, 2021. América Móvil, S.A.B. de C.V. ("AMX") [BMV: AMX] [NYSE: AMX | AMOV], announced today that it has completed the sale to Verizon Communications Inc. ("Verizon") [NYSE: VZ] of its 100% interest in TracFone Wireless, Inc. ("Tracfone"), the largest mobile virtual prepaid service operator in the United States.

AMX received the closing consideration of US$3,625.7 million in cash, which includes US$500.7 million of customary adjustment for Tracfone's cash and working capital, and 57,596,544 shares of Verizon stock.

Subject to Tracfone continuing to achieve certain operating metrics (earn-out), Verizon shall pay up to an additional US$650 million cash consideration within 2 years from this date.

This press release contains certain forward-looking statements that reflect the current views and/or expectations of AMX and its management with respect to its performance, business and future events. We use words such as "believe," "anticipate," "plan," "expect," "intend," "target," "estimate," "project," "predict," "forecast," "guideline," "should" and other similar expressions to identify forward-looking statements, but they are not the only way we identify such statements. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this release. AMX is under no obligation and expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Disclaimer

América Móvil SAB de CV published this content on 23 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 November 2021 16:09:04 UTC.


© Publicnow 2021
All news about AMÉRICA MÓVIL, S.A.B. DE C.V.
2021Am?rica M?vil, S.A.B. De C.V. Announces Notice of Redemption to Holders of 3.125% Senio..
CI
2021Verizon Communications Files Automatic Shelf Filing For Potential Common Share Sale By ..
MT
2021Am?rica M?vil, S.A.B. de C.V. Announces Notice of Redemption to Holders of 4.75% Senior..
CI
2021Communications services Down On Rotation Out Of Growth Sectors -- Communications Servic..
DJ
2021Verizon Communications Closes TracFone Acquisition, Shares Rise
MT
2021AMERICA MÓVIL B DE C : América Móvil completes sale of Tracfone to Verizon
PU
2021Am?rica M?vil, S.A.B. De C.V. Announces Board Appointments
CI
2021AMERICA MÓVIL B DE C : América Móvil increases buyback fund and appoints new board members
PU
2021U.S. FCC approves Verizon acquisition of TracFone Wireless
RE
2021U.S. FCC chair circulates order to approve Verizon TracFone deal
RE
More news
Analyst Recommendations on AMÉRICA MÓVIL, S.A.B. DE C.V.
More recommendations
Financials
Sales 2021 1 016 B 49 261 M 49 261 M
Net income 2021 87 490 M 4 243 M 4 243 M
Net Debt 2021 547 B 26 527 M 26 527 M
P/E ratio 2021 15,1x
Yield 2021 3,11%
Capitalization 1 289 B 62 492 M 62 514 M
EV / Sales 2021 1,81x
EV / Sales 2022 1,86x
Nbr of Employees 182 858
Free-Float 47,0%
Chart AMÉRICA MÓVIL, S.A.B. DE C.V.
Duration : Period :
América Móvil, S.A.B. de C.V. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AMÉRICA MÓVIL, S.A.B. DE C.V.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 19,95 MXN
Average target price 20,95 MXN
Spread / Average Target 5,01%
EPS Revisions
Managers and Directors
Daniel Hajj Aboumrad Chief Executive Officer & Director
Carlos José García Moreno Elizondo Chief Financial Officer
Carlos Slim Domit Chairman
David Antonio Ibarra Muñoz Independent Director
Pablo Roberto González Guajardo Independent Director
Sector and Competitors
1st jan.Capi. (M$)
AMÉRICA MÓVIL, S.A.B. DE C.V.-8.02%62 449
AT&T INC.7.07%190 022
T-MOBILE US-8.04%126 929
SOFTBANK GROUP CORP.0.98%82 440
KDDI CORPORATION5.95%69 808
VODAFONE GROUP PLC9.44%43 184